Winzo App case: ED seizes bank accounts, fixed deposits worth ₹590 crore in money laundering probe
The Enforcement Directorate’s Bangalore Zonal Office, on Thursday, seized the bank accounts, fixed deposits, mutual funds, bonds of M/s Winzo Pvt. Ltd. and its subsidiary M/s Zo Pvt. Ltd. of value Rs. 590 Crore under Section 37A of the Foreign Exchange Management Act (FEMA), 1999 for contraventions under section 4 of FEMA, 1999. Earlier in…