ED attaches INR 106 Cr in yet another crackdown on Chinese loan apps
Shortpedia
Content Team
Image Credit: inc42
Cracking its whip on illegal Chinese loan apps yet again, the ED provisionally attached movable assets to the tune of INR 106 Cr belonging to several lending app operators under the provisions of the Prevention of Money Laundering Act, 2002. However, this time, too, Indian fintech startups may come in the line of fire. This is because the amount seized was parked with various Indian fintech startups and banks.
