Monday, July 22, 2024
Outlook India
Outlook Business

Enforcement Directorate Ed

On September 2, the ED conducted raids in six locations of Razorpay, Paytm, and Cashfree, as part of an ongoing probe against “illegal” instant smartphone-based loans “controlled” by Chinese persons

The federal probe agency said it has seized Rs 17 crore worth funds kept in "merchant IDs and bank accounts of these Chinese persons-controlled entities", during the raids