Enforcement Directorate searched the homes and offices of fintech companies PhonePe, Google Pay, and Paytm in connection with a digital part-time job scam involving Chinese nationals.
In total, the ED raided 16 locations in Bengaluru and froze INR 1 Cr in 80 bank accounts belonging to various accused. So far, the agency has frozen approximately 80 bank accounts belonging to various accused. Residential and official properties associated with fintech giants such as PhonePe, Paytm, Google Pay, and Amazon Pay, as well as banks such as HDFC Bank and ICICI Bank, were raided. The chargesheet has so far named 50 people as accused, including two Chinese nationals.
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Enforcement Directorate searched the homes and offices of fintech companies PhonePe, Google Pay, and Paytm in connection with a digital part-time job scam involving Chinese nationals.
In total, the ED raided 16 locations in Bengaluru and froze INR 1 Cr in 80 bank accounts belonging to various accused. So far, the agency has frozen approximately 80 bank accounts belonging to various accused. Residential and official properties associated with fintech giants such as PhonePe, Paytm, Google Pay, and Amazon Pay, as well as banks such as HDFC Bank and ICICI Bank, were raided. The chargesheet has so far named 50 people as accused, including two Chinese nationals.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
