Chinese Loan Apps

The ministry is investigating 665 Chinese companies, including loan apps, for Companies Act violations.

Chinese loan app case: ED charge sheet against Razorpay, fintech firms, NBFCs on money laundering charges

The federal probe agency said in a statement that the special Prevention of Money Laundering Act (PMLA) court based in Bengaluru has taken cognisance of the prosecution complaint (chargesheet).

Moneycontrol Selects: Top stories this evening

Here is our specially curated package of the most interesting articles to help you stay at the top of your game.

Chinese Loan Apps: ED searches Razorpay, banks, freezes deposits worth Rs 78 crore

The total seizure in the case now stands at Rs 95 crore, the Enforcement Directorate said.

Chinese loan apps: ED freezes over Rs 46-crore worth funds in Easebuzz, Razorpay, Paytm, Cashfree accounts

The money laundering case stems from an October 2021 FIR filed by the cyber crime unit of Kohima Police in Nagaland

ED conducting searches on certain Paytm, PayU premises: Sources

The agency is also conducting searches on Chinese companies facilitators in Mumbai, Delhi, Gurgaon, Lucknow and Kolkata, sources told CNBC TV-18.