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Chinese Loan App Case: ED Freezes Rs 46.67-Crore Funds of Easebuzz, Razorpay, Cashfree, Paytm – TechiAI

September 18, 2022
Source: techiai.com techiai.com
News Snapshot:
The Enforcement Directorate (ED) on Friday said it has detected and freezed Rs 46.67 crore kept in various bank accounts and virtual accounts of Easebuzz, Razorpay, Cashfree and Paytm following raids in connection with the Chinese loan app case. The ED conducted the raids on Wednesday. The ED has carried out search operations under the Prevention of Money Laundering Act (PMLA), 2002, (on September 14, 2022) at six business/ residential premises in Delhi, Ghaziabad, Mumbai, Lucknow, Gaya and 16 other premises of Banks/Payment Gateways branches/offices in Delhi, Gurgaon, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur and Bangalore in respect of an...
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