ED arrests WinZO games founders on pmla charges
New Delhi/ Bengaluru, Nov. 28 -- The Enforcement Directorate arrested online money gaming platform WinZO founders Saumya Singh Rathore and Paavan Nanda on money laundering charges, officials said on Thursday.
ED, in a statement on Monday, alleged approximately Rs.43 crore of funds of gamers were "held" by the company and that these should ideally have been refunded to players after India banned real-money gaming.
The ED had raided the premises of WinZO and Gamezkraft, another company offering online gaming, and their promoters last week under the provisions of the Prevention of Money Laundering Act (PMLA).P12...
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