ED, 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.
NEW DELHI (Reuters) - India's federal financial crime-fighting agency said on Saturday it was searching the premises of online payment companies inclu.
The Enforcement Directorate today said it is conducting raids at the Bengaluru premises of online payment gateways like Razorpay, Paytm and Cashfree as part of an ongoing probe against "illegal" instant loans "controlled" by Chinese persons.
The cases were registered against numerous entities and persons in connection with their involvement in extortion and harassment of the public who had availed small amount of loans through the mobile apps.