ED Freezes Rs 523 Crore in Assets of Online Gaming Firms WinZO and Gameskraft Following Money Laundering Investigation

Nov 25, 2025 01:04 am CST

The Enforcement Directorate has frozen Rs 523 crore in assets belonging to gaming companies WinZO and Gameskraft for allegedly retaining customer funds after India's real-money gaming ban. The investigation revealed potential money laundering activities, unauthorized use of algorithms, and cross-border financial diversions through shell companies, with both firms operating real-money games domestically and internationally.