Paytm Denies Links With Chinese Loan Merchants After ED Raids on Firms Including Razorpay, CashFree

Paytm on Sunday issued a statement claiming that none of the funds frozen by the Enforcement Directorate (ED) in the Chinese loan app case belongs to it or any of its group firms. The ED earlier conducted raids at premises of online payment gateways over the alleged irregularities in instant app-based loans "controlled" by Chinese persons.

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