Chinese loan apps case: ED raids Razorpay, Paytm, Cashfree; seizes ₹17 crore
The case is based on at least 18 FIRs filed by the Bengaluru Police cyber crime station against numerous entities/persons in connection with their involvement in extortion and harassment of people who had availed small amount of loans through these mobile apps
NEW DELHI: The Enforcement Directorate on Saturday said it was conducting raids at Bengaluru premises of online payment gateways such as Razorpay, Paytm and Cashfree, as part of an ongoing probe against “illegal" instant smartphone-based loans “controlled" by Chinese persons.
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