The Enforcement Directorate (ED) on Friday carried out search operations at six premises in Bengaluru in respect to an investigation relating to the Chinese Loan App case.
The Enforcement Directorate Saturday said it conducted raids at six premises of online payment gateways such as Razorpay, Paytm and Cashfree in Bengaluru over alleged irregularities in instant app-based loans “controlled” by Chinese persons.
The searches that started Friday as part of an ongoing probe are still underway, the agency said this evening. The federal probe agency also said that during the raids, it has seized Rs 17-crore worth funds kept in
NEW DELHI, Sept 3: The Enforcement Directorate (ED) continued its raids for the second day on Saturday at six premises in Karnataka in connection with an ongoing probe against “illegal” instant smartphone-based loans “controlled” by Chinese persons. The raids were launched on Friday under provisions of the Prevention of Money Laundering Act (PMLA), 2002, at Bengaluru premises of online payment gateways like Razorpay, Paytm and Cashfree, according to a statement. The search operations were in progress at the time of […]
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