- Hindi News
- National
- Two Founders Of Gaming Platform Winzo Arrested, Assets Worth Rs 505 Crore Frozen
New Delhi12 minutes ago
- copy link
ED has arrested Pawan Nanda and Soumya Singh, founders of online gaming platform Winzo, on charges of money laundering. The total amount available with Vinzo is Rs 505 crore. Value of bonds, fixed deposits and mutual funds has been frozen under PMLA.
According to the ED, the company had withheld gamers’ money worth Rs 43 crore, which was to be returned to the gamers after the ban on Real Money Gaming (RMG) in the country.
Both were produced in the local court of Bengaluru, from where they were given one day ED custody. The date of the next hearing has not been revealed.
2 founders of Winzo who were arrested…
Pawan Nanda
Saumya Singh
Know about Winzo
Winzo is India’s leading social gaming app. In 2018, Pawan Nanda and Soumya together founded WinZO. More than 100 skill-based games like Ludo, Carrom, Chess, Puzzles are available on this platform. It has more than 25 crore Indian users, while the global number is 250 million. Here it is claimed to earn money from free games and referrals.
After the ban on real money gaming this year, TV, short drama episodes etc. are now made available here in free mode. For which users are charged. Cricketer Mahendra Singh Dhoni has been advertising for it.
Every year gamers lose 20 thousand crores
- Real money gaming has been banned under the Online Gaming Act. Many platforms are running from abroad, which are difficult to get hold of. These games are based on complex technology and algorithms.
- Every year gamers earn Rs 20 thousand crores. Let’s lose. 45 crore people across the country are directly or indirectly affected by these gaming platforms.
- Suicides have increased due to loss of money. In two years, 32 people in Karnataka, 20 in Telangana and more than 30 in Tamil Nadu have committed suicide.
Source link
[ad_3]
