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ED raid
04 Sep 2022
Paytm says no link with Chinese loan merchants under ED scanner
One97 Communication denies any link with merchants under ED scanner. Paytm said that none of the funds frozen by the Enforcement Directorate (ED) belongs to it . ED conducted raids Razorpay, Paytm, and Cashfree premises on Saturday.
ED raids
03 Sep 2022
ED raids Razorpay, Paytm, Cashfree premises in Bengaluru; Read details
ED raids at six premises of online payment gateways such as Razorpay, Paytm, etc in Bengaluru. It has seized Rs 17-crore worth funds kept in "merchant IDs and bank accounts of these Chinese persons-controlled entities". Razorpay and Cashfree said they were cooperating with the federal agency while Paytm declined to comment.
ED raids
03 Sep 2022
ED raids Razorpay, Paytm, Cashfree premises in Bengaluru; Read details
ED raids at six premises of online payment gateways such as Razorpay, Paytm, etc in Bengaluru. It has seized Rs 17-crore worth funds kept in "merchant IDs and bank accounts of these Chinese persons-controlled entities". Razorpay and Cashfree said they were cooperating with the federal agency while Paytm declined to comment.
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