Chinese loan apps case: ED raids Bengaluru offices of Razorpay, Cashfree and Paytm

The on Saturday conducted raids at the Bengaluru offices of payment platforms Razorpay, Cashfree and Paytm as part of an investigation into illegal phone-based loan apps operated or controlled by Chinese individuals. The raids, which started on Friday, were conducted at six locations in the city under the provisions of the Prevention of Money Laundering Act.

Link: Chinese loan apps case: ED raids Bengaluru offices of Razorpay, Cashfree and Paytm
via scroll.in

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