New Delhi, Jan. 25 -- The Enforcement Directorate on Sunday said it has chargesheeted real-money online gaming app WinZO and its promoters, alleging that players lost Rs.734 crore on the platform as the company "embedded" bots and AI to "manipulate" the game's algorithms.
According to an official statement, the ED's Bengaluru zonal office filed the prosecution complaint on January 23 before a local court designated to try cases under the Prevention of Money Laundering Act (PMLA).
The company, Winzo Pvt. Ltd., its directors - Paavan Nanda and Saumya Singh Rathore - and its wholly-owned subsidiaries, including those based abroad, like Winzo US Inc., USA, Winzo SG Pte. Ltd and ZO Pvt. Ltd. have been named as accused in the chargesheet.
Wi...
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