WinZO Founders Sent to Judicial Custody in ED Money Laundering Probe

• WinZO co-founders Saumya Singh Rathod and Paavan Nanda remanded to 14-day judicial custody in an ED money laundering probe.
• The probe alleges manipulation of WinZO's gaming algorithm to defraud users and siphon funds, described as a large-scale digital fraud.
• ED claims ₹177 crore in crime proceeds and ₹400 crore transferred abroad, seizing assets worth ₹500 crore.
• WinZO has challenged the ED's search and seizure operations in the Karnataka High Court, alleging they were illegal and lacked justification.

Why It Matters: This case sets a precedent for online gaming regulation and user safety.