In one of the most serious crackdowns on India’s real-money gaming ecosystem, the Enforcement Directorate (ED) has ...
Bangaluru: The ED filed a chargesheet in a Special Court (PMLA) against Winzo, a company in the business of hosting Real ...
In a chargesheet filed in a Bengaluru court, the ED alleged that WinZO used bots which led to Rs 734 crore losses for genuine ...
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ED’s Bengaluru zonal office filed the prosecution complaint on January 23 before a local court designated to try cases under ...
The Enforcement Directorate has charged online gaming firm WinZO and its promoters, accusing it of rigging real-money games using bots and AI. Investigators say users lost Rs 734 crore after being ...
The Enforcement Directorate has filed charges against WinZO, an online gaming app, alleging it manipulated algorithms with bots, leading to user losses of Rs 734 crore. Users were misled by deceptive ...
The ED has now filed a prosecution complaint against WinZO, alleging large-scale manipulation of games and laundering ...
ED chargesheets WinZO for ₹734 crore user losses due to manipulated algorithms, alleging fraud and money laundering.
For now, the outlook looks uncertain for WinZo. How long can it continue to drag its operations amid the crisis?
The Enforcement Directorate (ED) has frozen worth around Rs 192 crores in the form of bank balances, Fixed Deposit Receipts (FDRs), and mutual funds possessed by ZO Games Pvt Ltd, a fully owned Indian ...
The agency had alleged that WinZO engaged in unfair practices in real-money gaming by deploying algorithms and software without adequately disclosing to users that they were not always competing ...