WinZO Gaming App: ED Files Charge Sheet in ₹734 Crore Online Fraud Case

• The Enforcement Directorate (ED) has filed a charge sheet against real-money online gaming app WinZO and its promoters for alleged manipulation.
• WinZO is accused of embedding bots and AI in its game algorithms, causing users a total loss of ₹734 crore.
• The company allegedly created a false environment of trust, allowing users to win initially against easy bots, then deploying difficult bots for higher stakes.
• The ED claims WinZO generated proceeds of crime amounting to approximately ₹3,522.05 crore, laundered through shell companies in the USA and Singapore.
• The fraud impacted 25 crore users, many from Tier-3 and Tier-4 cities, leading to financial and mental distress.

Why It Matters: ED charges WinZO and promoters with ₹734 crore fraud, alleging bot manipulation and money laundering.