New Delhi, Feb. 18 -- The Enforcement Directorate (ED), Bengaluru Zonal Office, on Wednesday said it has attached movable properties and seized bank accounts maintained in the US and Singapore, amounting to USD 55.69 million (approximately Rs 505 crore), held in the names of overseas shell companies of Winzo Pvt. Ltd., namely Winzo US Inc. and Winzo SG Pte. Ltd. and allegedly operated and controlled by Paavan Nanda and Saumya Singh Rathore.
Earlier, the ED conducted search and seizure operations at the office premises of Winzo Pvt Ltd, as well as at the residential premises of its Director and its accounting firm.
Evidence unearthed during the searches and subsequent investigation revealed that the company was allegedly engaged in crimina...