Monday, July 22, 2024
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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