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ED attaches Rs 105.32 cr bank balances of fintech firms having Chinese links | Deccan Herald

News Snapshot:

The Enforcement Directorate (ED) on Wednesday said that they have attached balances of Rs 105.32 crore, lying in various bank accounts and with payment gateway accounts, of 12 NBFCs, namely Inditrade Fincorp Ltd, Aglow Fintrade Pvt Ltd and others and their associated fintech companies in connection with a money laundering case. The total attachment in this case now is Rs 264.3 crore. The ED initiated money laundering investigation on the basis of various FIRs registered by Cyber Crime police station, Hyderabad under various sections of IPC and section 67 of IT Act, following suicides by various persons over alleged harassment…

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