Chinese loan apps case: ED conducts search operations at Paytm, PayU offices

  • In a fresh round of probe, the ED searched some premises of payment gateway companies such as Paytm and PayU in connection with the transactions with Chinese shell companies.
  • During the raids, the probe agency seized Rs 17 crore worth funds kept in “merchant IDs and bank accounts of these Chinese persons-controlled entities”, an official statement said.

[Via]