The Enforcement Directorate (ED) on Thursday said it has seized funds worth about Rs 107 crore of a Chinese-controlled NBFC, engaged in dishing out instant personal loans over an internet-based app, for alleged violation of the foreign exchange law. The agency said the funds of PC Financial Services Private Limited (PCFS), a non-banking financial company (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 total amount seized is Rs 106.93 crore. The ED said the case came on its radar...