The Enforcement Directorate has carried out raids against Chinese-controlled loan apps and seized funds worth ₹46.67 crore kept in payment gateways Easebuzz, Razorpay, Cashfree, and Paytm.
The Enforcement Directorate on Friday said it has frozen Rs 46.67 crore worth funds kept in payment gateways Easebuzz, Razorpay, Cashfree and Paytm after it carried out raids this week against Chinese-controlled loan apps and investment tokens.
ED, the federal probe agency said it has seized Rs 17 crore worth funds kept in merchant IDs and bank accounts of these Chinese persons-controlled entities , during the raids.