Paytm denies money frozen by ED belongs to the firm
Shortpedia
Content Team
Image Credit: deccan herald
Last week, ED raided six premises of Paytm, Razorpay and Cashfree in Bengaluru under the provisions of the PMLA. The ED had seized INR 17 Cr with regards to the search of certain merchant IDs and bank accounts that belonged to Chinese citizens. In accordance with the raid and the subsequent freezing of accounts, Paytm issued a statement over the BSE claiming that the money did not belong to either the company or its group entities.
