New Delhi, Jan. 1 -- : The Enforcement Directorate (ED), Bengaluru Zonal Office on Thursday said that they recently conducted a search operation at the office premises of the accounting firm for Winzo Pvt. Ltd.
The official said that WinZO Pvt. Ltd. is into the business of online real money gaming services through its app - WinZO. During the search, Proceeds of Crime (POC) possessed by ZO Games Pvt Ltd. (fully owned Indian subsidiary of M/s. Winzo Pvt. Ltd.) worth around Rs 192 crores, has been frozen in the form of bank balances, FDRs, and mutual funds under section 17 (1A) of the PMLA, 2002.
Earlier, the ED conducted search and seizure operations at the office premises of Winzo Pvt. Ltd., and residential premises of its Director. The ev...