The Directorate of Enforcement has frozen assets worth around Rs 192 crore classified as Proceeds of Crime (POC) belonging to Zo Games Pvt Ltd, a wholly owned Indian subsidiary of WinZO Pvt Ltd, after conducting a search operation under the Prevention of Money Laundering Act.
The assets were frozen in the form of bank balances, fixed deposits, and mutual funds, the ED said in a press release.
The agency stated that evidence pointed to deceptive gaming practices on the WinZO platform, where users were made to play real money games against bots and…
