Bengaluru Court Extends ED Custody Of WinZO Co-Founders By 10 Days In Money Laundering Case

A Bengaluru special court extended the ED custody of WinZO co-founders Saumya Singh Rathore and Paavan Nanda by 10 more days in a money laundering case.

The ED accused them of algorithm manipulation, cheating users, misusing customer data, and diverting funds to overseas shell entities. 

Officials said WinZO continued real-money games despite the August 22 ban and withheld ₹43 crore payable to users.

The agency froze assets worth ₹505 crore under Section 17(1A) of the PMLA and claimed the company transferred USD 55 million to WinZO US Inc.

Authorities registered multiple FIRs over fraud, KYC misuse, blocked accounts, and deceptive withdrawals nationwide.