ED arrests WinZO founders after Rs 505 Cr asset freeze in money-laundering probe

The Enforcement Directorate has reportedly arrested the two founders of online gaming platform WinZO on charges of money laundering, indicating growing trouble for the Delhi-based company.

According to media reports, the company’s co-founders Saumya Singh Rathore and Paavan Nanda were taken into custody in Bengaluru after a round of questioning by the agency and they were later produced before a local court which granted one day custody for further interrogation.

The arrests follow a series of first information reports that accused the platform of…