ED Files Chargesheet Against Winzo for Cheating and Money Laundering

The Enforcement Directorate (ED) in Bengaluru has filed a chargesheet against Winzo, a company that offers games where people can bet real money, along with its directors and subsidiaries.

The ED says Winzo cheated people and laundered money.

They found out that the games were not fair and were being controlled by computers or algorithms without the players knowing.

The ED also seized a lot of money and assets worth Rs 690 crore from Winzo.

The company had promised its users that the games were fair and safe, but the investigation showed that this was not true.

The ED started looking into Winzo after police in different places filed complaints about cheating.

They also did searches at Winzo's offices and the homes of its directors and found important documents and records.