ED crackdowns on Chinese loan apps; searches Paytm, Razorpay & Cashfree premises
Shortpedia
Content Team
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The Enforcement Directorate on Friday conducted searches at the premises of Paytm, Cashfree and Razorpay in connection with its investigation of the Chinese loan apps case, seizing INR 17 Cr in merchant IDs and bank accounts belonging to these apps. The search is still ongoing. The agency said that most of the entities mentioned in the FIRs were operated by Chinese nationals, and seized INR 17 Cr.
