“Keep it attached, but allow me to do other business.” That was Senior Advocate Siddharth Aggarwal’s submission as the Karnataka High Court reserved its order on the WinZO subsidiaries’ plea to shift ED-attached US bank funds. The attachment itself remains under challenge. Bengaluru: The Karnataka High Court on 7 October reserved its order on an […]
A Bengaluru special court has granted the Enforcement Directorate 10-day custody of WinZO co-founders in a money laundering case involving alleged cheating, fund diversion and gaming manipulation. The ED claims the platform generated illegal “proceeds of crime” through deceptive real-money gaming practices.
