ED raids Razorpay, Paytm, Cashfree in Chinese loan app PMLA case

The Enforcement Directorate Saturday said it conducted raids at six premises of online payment gateways such as Razorpay, Paytm and Cashfree in Bengaluru over alleged irregularities in instant app-based loans “controlled” by Chinese persons.

The searches that started Friday as part of an ongoing probe are still underway, the agency said this evening.