US EditionWho Is Paavan Nanda? Enforcement Directorate Arrests WinZO Co-Founder Days After Raids
The Enforcement Directorate arrested WinZO founders for money laundering, freezing Rs 505 crore in assets after alleging undisclosed algorithms and unrefunded Rs 43 crore from gamers post-RMG ban.
- Enforcement Directorate officials said Thursday they arrested WinZO co-founders Saumya Singh Rathore and Paavan Nanda on money-laundering charges and froze Rs 505 crore in assets under the PMLA.
- Last week the Enforcement Directorate raided WinZO Games Pvt Ltd and Gamezkraft under PMLA after FIRs alleged cheating, account blocking, impersonation and misuse of PAN/KYC; WinZO said it complies with `all applicable laws` and values fairness.
- Investigators allege the app used algorithms to determine outcomes, with WinZO Games Pvt Ltd running global RMG operations through one India‑hosted app serving Brazil, the US, and Germany.
- They were produced before a local court in Bengaluru the same night and sent to one‑day custody; the court gave them ED custody and directed production at 11.30 am today for remand arguments.
- Allegations include cross‑border parking of assets with USD 55 million parked in a US shell company and Rs 43 crore unpaid to gamers after the Union Government banned RMGs w.e.f. August 22, 2025.
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WinZO Founders Saumya Singh Rathore and Paavan Nanda Arrested by ED on Money Laundering Charges | 🇮🇳 LatestLY
The Enforcement Directorate (ED) has arrested online money gaming platform WinZO founders Saumya Singh Rathore and Paavan Nanda on money laundering charges. According to officials, they were arrested in Bengaluru following their questioning at the zonal office of the financial regulator. 🇮🇳 WinZO Founders Saumya Singh Rathore and Paavan Nanda Arrested by ED on Money Laundering Charges.
Who is Paavan Nanda? Enforcement Directorate arrests WinZO co-founder days after raids
WinZO co-founders Paavan Nanda and Saumya Singh Rathore were arrested on Wednesday on charges of money laundering. They were presented before a local court in Bengaluru the same night and were placed in one-day custody.
ED arrests gaming platform WinZO's founder duo on money laundering charges
The ED had accused WinZO of "engaging in criminal activities and unscrupulous practices as customers were made to play with algorithms without being made aware of the fact that they are playing with the software and not with humans in real-money games."
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