ED, DGGI flagged several violations by Paytm earlier

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10 months ago

The Directorate of Enforcement (ED) has been investigating Paytm since 2021 over alleged money laundering and illegal betting. While Paytm denied that it was under ED scrutiny, the agency has flagged concerns over Indian payment gateways being used for trade-based money laundering, illegal betting, and diversion of funds to crypto wallets. The ED has not booked Paytm in any money laundering cases, but the company has faced scrutiny, with offices searched, documents sought, merchant accounts frozen, and executives questioned by the agency.

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Economic Times

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