 "fintech, digital lending, loans, payments, online")
The Enforcement Directorate on Friday froze funds worth over Rs 46 crore kept in several payment gateways, including Easebuzz, Razorpay, Cashfree and Paytm.
This action was in connection with its ongoing money laundering probe linked to alleged financial irregularities by instant app-based loan companies controlled by Chinese nationals.
The action follows fresh searches this week at premises linked to these payment gateway operators and some companies and operators engaged in loan-app transactions in multiple states.
“Huge balances were found to be maintained in virtual accounts of the involved entities with payment aggregators -- like Rs 33.36 crore was found with
