News > ED conducting searches on some Paytm, PayU premises

ED conducting searches on some Paytm, PayU premises

14/09/2022 10:00 PM | Click to read full article

The Enforcement Directorate was conducting searches on certain premises of One 97 Communications Ltd's Paytm and payment solutions provider PayU, according to a Reuters report.

Recently, the ED had conducted raids at Bengaluru premises of online payment gateways such as Razorpay, Paytm, and Cashfree Payments as part of an ongoing probe against "illegal" instant smartphone-based loans "controlled" by Chinese persons.

-