According to the information received by the ED, these raids have been done at 6 different places in Bangalore. According to ED, the search operation is on
Raid on locations of Paytm, Razorpay and Cashfree
ED has informed today that its team has raided the locations of online payment gateways like Razorpay, Paytm and Cashfree. These raids have been carried out in connection with the ongoing investigation against instant loans controlled by Chinese nationals. These loans were disbursed through smartphone-based apps and were operating illegally. The ED is also probing the possibility of money laundering in this case. According to the information received by the ED, these raids have been done at 6 different places in Bangalore. According to the ED, the search operation is on.
(Update in news continues)
Source: www.tv9hindi.com”