The Enforcement Directorate has seized Rs 106.93 crore (File) New Delhi: The Enforcement Directorate (ED) on Thursday seized funds worth about Rs 107 crore of a Chinese-controlled Non-Banking Financial Company (NBFC), engaged in dishing out instant personal loans over an internet-based app, for alleged violation of the foreign exchange law. The funds of PC Financial Services Private Limited (PCFS), an NBFC, were lying in bank accounts and virtual accounts over online payment gateways and those have been seized under the provisions of the Foreign Exchange Management Act (FEMA), the agency said. The total amount seized is Rs 106.93 crore. The...