The Enforcement Directorate (ED) has filed a prosecution complaint against Pawan Nanda and Soumya Singh Rathod, directors of real-money gaming startup Winzo, and their Indian and foreign affiliates, alleging massive game rigging and money laundering. The complaint was filed in a special PMLA court in Bengaluru on January 23.

The ED claims that most of Winzo's games were rigged using bots and AI, luring users with small initial wins and then causing huge losses, resulting in real users losing around ₹734 crore. The agency alleges that the company committed crimes worth over ₹3,500 crore between fiscal 2022 and fiscal 2026, failed to return user funds worth ₹47.66 crore, and laundered about ₹230 crore abroad through shell companies.

After raids in late 2025, the ED froze assets worth about ₹690 crore, including bank balances and deposits. Although the ban on real-money gaming ended Winzo's operations in India, the company continued to operate abroad and diversified domestically. After being arrested under the PMLA, Rathod was granted bail, while Nanda remains in custody as the investigation continues.