Enforcement department raids Razorpay, Paytm and Cashfree in Chinese loan apps case

The Directorate of Enforcement said Saturday that it is conducting raids on Bengaluru premises for online payment gateways such as Razorpay, Paytm and Cashfree as part of an ongoing investigation against “illegal” smartphone-based instant loans “controlled” by the Chinese. The Law Enforcement Directorate said search operations began Friday in six buildings in the Karnataka state …

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