India, Feb. 20 -- The Enforcement Directorate (ED) has attached assets worth Rs.590 crore belonging to Winzo Private Limited, a major Indian online gaming launched in 2018, and its subsidiary, Zo Private Limited, in connection with an investigation into alleged violations of the Foreign Exchange Management Act (FEMA).

According to ED officials, the seized assets include mutual fund investments, bonds, bank balances and fixed deposits held by the two companies.

The action follows a probe into Winzo's overseas operations involving real-money online games such as Bingo, Ludo, Snakes & Ladders, Mines, Solitaire, Spades and Black Jack. The company operated in several countries, including Brazil, Germany and the United States, through its US-...