ED freezes Rs 505 Cr of Winzo funds parked in US and Singapore

The Enforcement Directorate (ED) has escalated its action against real-money gaming platform Winzo, provisionally attaching overseas bank balances worth Rs 505 crore as part of its ongoing money laundering probe.

According to a press release dated February 18, 2026, the ED’s Bengaluru Zonal Office has attached movable properties amounting to $55.69 million (approximately Rs 505 crore) held in bank accounts in the United States and Singapore. 

The accounts are maintained in the names of Winzo’s overseas entities, Winzo US Inc. and Winzo SG Pte. Ltd., which the agency alleges are operated and controlled by the company’s founders.

The agency had earlier conducted search and seizure operations at Winzo’s office premises on November 18, 2025, followed by searches at its accounting firm on December 30, 2025. Subsequently, a prosecution complaint was filed before the Special Court under the Prevention of Money Laundering Act (PMLA) in Bengaluru on January 23, 2026.

The ED has alleged that Winzo engaged in “unscrupulous practices,” including allowing users to play real-money games against bots, AI systems, or algorithms without disclosure. It further claims that the company restricted or limited customer withdrawals and generated “rake commission” from matches played between bots and real users.

According to the agency, Winzo derived alleged proceeds of crime worth Rs 3,522.05 crore between FY22 and August 22, 2025. A portion of these funds, the ED said, was routed overseas under the guise of investments.

With the latest attachment, the total proceeds of crime attached or frozen in the case now stand at around Rs 1,194 crore. The investigation remains ongoing, and further action could follow as scrutiny on the real-money gaming sector intensifies.