Funds seized by ED don’t belong to us, says Paytm parent firm

The statement comes after the ED searched half a dozen offices belonging to online payment gateways such as Razorpay, Paytm and Cashfree in Bengaluru in connection with its probe into the Chinese loan app scam. The searches were made under provisions of the Prevention of Money Laundering Act (PMLA), the agency said in a statement on Saturday.

from Tech-Economic Times https://ift.tt/edwA7i0