The Enforcement Directorate (ED) on Friday launched a major nationwide operation targeting the founders of WinZO, a popular online gaming and entertainment platform, over allegations of large-scale financial fraud and PAN card misuse. The agency conducted simultaneous raids across ten states, recovering digital evidence, financial records, and suspected illegal transactions linked to the company.
According to ED officials, the investigation centers around claims that WinZO’s founders were involved in routing funds through multiple shell companies, manipulating user PAN details, and facilitating suspicious cross-border transactions in violation of the Prevention of Money Laundering Act (PMLA). The alleged scheme reportedly involved the misuse of thousands of customer PAN cards to mask high-value transactions and evade regulatory scrutiny.
During the coordinated search operation, ED teams seized electronic devices, hard drives, shared servers, and transaction logs believed to contain evidence of the illicit activities. Preliminary findings also indicate possible tax evasion and irregularities in the platform’s payout systems.
Following hours of questioning, the founders of WinZO were arrested, marking a significant development in the case. Officials stated that further arrests and summons are likely as the investigation expands.
The ED also revealed that the raids were conducted after months of surveillance and input from financial intelligence agencies. The crackdown is being seen as part of a broader effort to regulate digital gaming platforms and curb money laundering risks associated with online transactions.
Authorities have assured that user data security and the integrity of the financial system remain top priorities.
