19 Feb 2026 | 5 Mins Read
Ed freezes Rs 590 crore linked to Winzo's foreign units
Flipitmoney
Enforcement Directorate has attached assets worth ₹590 crore of Winzo and its arm Zo Pvt Ltd under the FEMA, alleging illegal overseas investments linked to real-money gaming. The seizure includes bank balances, fixed deposits and mutual funds, with the probe claiming the firm routed online gambling operations through entities in the US and Singapore.