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Chinese loan apps: ED freezes Rs 46.67 cr worth funds kept in Paytm, others; payment gateway firms respond

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Content Team
Image Credit: mybigplunge

ED carried out search operations under the PMLA on Wednesday at six business and residential premises in Delhi, Ghaziabad, Mumbai, Lucknow, Gaya and 16 other premises of banks/payment gateways branches and offices in Delhi, Gurgaon, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur and Bangalore in respect of an investigation related to the app-based token named HPZ and related entities.