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In a dramatic turn, the Enforcement Directorate (ED) yesterday arrested WinZO’s cofounders Saumya Singh Rathore and Paavan Nanda. So, how did the founders, once hailed as the gaming industry’s pioneers, go from the spotlight to the custody of the agency?
Tracing The Timeline: The arrests followed a string of ED raids and the freezing of nearly INR 505 Cr in assets tied to WinZO. The agency alleges that the company continued operating real-money gaming (RMG) platforms for…
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In a dramatic turn, the Enforcement Directorate (ED) yesterday arrested WinZO’s cofounders Saumya Singh Rathore and Paavan Nanda. So, how did the founders, once hailed as the gaming industry’s pioneers, go from the spotlight to the custody of the agency?
Tracing The Timeline: The arrests followed a string of ED raids and the freezing of nearly INR 505 Cr in assets tied to WinZO. The agency alleges that the company continued operating real-money gaming (RMG) platforms for…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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