ED

Status of Chinese Loan Apps: ED Raids Razorpay, Paytm and Cashfree in Bengaluru

On Saturday, the Enforcement Directorate said it had carried out raids on six premises of online payment gateways such as Razorpay, Paytm and Cashfree in Bengaluru over alleged irregularities in app-based instant loans “controlled” by Chinese people. The agency said this evening that the search operations, which began on Friday as part of an …

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Fulfillment of Chinese Loan Apps: ED Blitz Blitz for Paytm, Razorpay and Cashfree

The Enforcement Department (ED) on Saturday conducted raids on nine premises linked to online payment portals Paytm, Razorpay and Cashfree in Bengaluru in connection with a money laundering case – part of an ongoing investigation against some unauthorized loan applications allegedly operated by Chinese-owned companies. citizens. Some of these companies are also allegedly involved in …

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ED seized Rs 46.67 crore in money laundering investigation in HPZ Token application case

Sixteen other locations of banks, payment gateway branches and offices in Delhi, Gurugram, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur and Bengaluru were also searched. Sixteen other locations of banks, payment gateway branches and offices in Delhi, Gurugram, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur and Bengaluru were also searched. The Directorate of Enforcement (ED) has confiscated …

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