The Enforcement Directorate (ED) has frozen over ₹520 crore in assets linked to real-money gaming companies WinZO and Gameskraft.
The move comes after a week-long investigation under the Prevention of Money Laundering Act (PMLA). Around ₹505 crore of WinZO’s assets, including bank balances, fixed deposits, bonds, and mutual funds, have been frozen. Gameskraft and its Poker arm Pocket52 had about ₹18.75 crore in eight bank accounts, which are also attached.
The probe followed complaints about cheating, blocked accounts, misuse of PAN cards, and impersonation. The ED continues to investigate the firms’ financial dealings.