WinZO Arm ZO's Salary Claims Questioned by ED in Karnataka HC Amid Frozen Funds Plea

Appearing for ZO, senior counsel Sajan Poovayya countered the ED’s objections, stating that the salary claim did not relate to separate or new employees, but to a common pool of 220 employees who were earlier on WinZO’s rolls.

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Storyboard•29-01-2026, 17:55

WinZO Arm ZO's Salary Claims Questioned by ED in Karnataka HC Amid Frozen Funds Plea

•Karnataka High Court directs WinZO subsidiary ZO to provide detailed employee information for salary claims.
•ZO seeks partial defreezing of bank accounts, attached by ED under PMLA, to pay 220 employees and cover operational costs.
•ED disputes ZO's claim of 220 employees and ₹11.5 crore monthly salary outflow, citing inconsistent financial statements and recent incorporation.
•ED highlights ₹230-239 crore inter-corporate transfers from WinZO to ZO, alleging no prior meaningful operations or employee expenses.
•ZO argues it assumed WinZO's payroll responsibilities via board resolutions, denying 'double claim' and challenging ED's freezing order jurisdiction.

Why It Matters: Karnataka HC seeks employee verification from WinZO's arm ZO as ED questions salary claims amid frozen funds probe.

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