Synopsis
Taking a tough stance, the Karnataka High Court has warned the ED that it could impose Rs 1 lakh in costs if it finds the agency’s appeal against Nanda’s bail to be 'unnecessary.'Here’s a look at where it all started:
November 18, 2025: The ED conducted multiple searches in Delhi, Bengaluru, and Gurugram as part of a money laundering investigation against the parent companies of Winzo and Gameskraft and their promoters.
November 24, 2025: Thefederal probe agency froze collective deposits worth about Rs 523 crore of online gaming companies Winzo and Gameskraft under the Prevention of Money Laundering Act (PMLA).
November 27, 2025: The ED arrested Winzo cofounders Paavan Nanda and Saumya Singh Rathore on money laundering charges.
December 2, 2025: The Winzo app and website had largely gone non-functional since December 2.
Users attempting to log in were met with a message stating that the app is “under maintenance due to a technical issue.” Company sources described the disruption as a “temporary outage.”
December 26, 2025: A Bengaluru sessions court granted bail to Saumya Singh Rathore, cofounder of Winzo. However, the court rejected the bail plea of the company’s other cofounder, Paavan Nanda, and allowed the agency to take him into custody for four days.
