WinZO moves Karnataka HC, calls ED raids "illegal" amid founders' custody.

• WinZO has filed a writ petition in the Karnataka High Court, challenging the ED's multi-day search and seizure operations as "illegal and void."
• The gaming firm's operations are currently at a standstill, and its co-founders, Saumya Singh Rathore and Paavan Nanda, remain in ED custody.
• WinZO seeks to quash the ED's search, freezing orders, and all consequential actions, arguing a lack of statutory basis under PMLA.
• The ED alleges money laundering, fraudulent gaming practices, and the use of a concealed algorithm (PPP) to influence game outcomes, freezing assets worth ₹505 crore.
• WinZO denies all allegations, stating fairness and transparency are core to its platform, and has requested the court to set procedural guidelines for PMLA searches.

Why It Matters: WinZO's lawsuit against ED raids could redefine investigative agency powers in India.