Paytm says no link with Chinese loan merchants under ED scanner
The ED on Saturday said it has conducted raids at six premises of online payment gateways, such as Razorpay, Paytm and Cashfree in Bengaluru, over the alleged irregularities in instant app-based loans "controlled" by Chinese persons.
Sep 04, 2022, 20:25 PM IST
ED raids Paytm, Razorpay, Cashfree premises in Bengaluru; Here is WHY
The searches that started Friday as part of an ongoing probe are still underway, the agency said this evening. The federal probe agency also said that during the raids, it has seized Rs 17-crore worth funds kept in "merchant IDs and bank accounts of these Chinese persons-controlled entities".
Sep 03, 2022, 20:55 PM IST
ED raids Razorpay, Paytm, Cashfree premises in Bengaluru; Here is WHY
The searches that started Friday as part of an ongoing probe are still underway, the agency said this evening. The federal probe agency also said that during the raids, it has seized Rs 17-crore worth funds kept in "merchant IDs and bank accounts of these Chinese persons-controlled entities".
Sep 03, 2022, 20:40 PM IST
