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Why RSS is wrong to suspect Paytm as a Chinese conspiracy

The Sangh could take solace from the fact that a company from Taiwan, China's traditional rival also holds a stake in Paytm alongside some big Indian corporates

Sai Manish  |  New Delhi 

The economic wing of Rashtriya Swayamsevak Sangh (RSS) called Swadeshi Jagran Manch has vowed to red flag Paytm’s Chinese connections. But RSS might be better off keeping an eye on other aspects of Paytm’s shareholding than just focus on Chinese billionaire Jack Ma’s interest in it. Company documents show that over the last few months Paytm has received cash infusions from Cayman Islands, an offshore tax haven.  On September 2 this year, Paytm issued shares to a Cayman Islands based company worth $60 million or almost Rs 402 crore. Over 600,000 shares were ...


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First Published: Wed, November 30 2016. 14:45 IST