Fresh ED raids are conducted in the Chinese loan apps case.

In connection with this probe, the federal government conducted a raid on September 2 at the Bengaluru offices of payment gateways like Paytm, Razorpay, and Cashfree.

Fresh ED raids are conducted in the Chinese loan apps case.

In connection with its ongoing money laundering investigation into alleged financial irregularities by instant app-based loan companies "controlled" by Chinese individuals, the Enforcement Directorate conducted fresh raids against some payment gateways and others on Wednesday, according to official sources. The raids were directed against these companies and others. They claimed that locations connected to specific payment gateway operators, some businesses involved in transactions made through loan apps, and operators in about three states are all being searched.

According to a Paytm spokesperson, the action was related to the same subject for which the agency had conducted searches earlier this month. According to Paytm, "ED continues to request details about particular merchants from a number of payment service providers, as we have previously highlighted. We have provided the necessary information.

in connection with this investigation, the federal agency conducted a raid on September 2 at the Bengaluru offices of payment gateways like Paytm, Razorpay, and Cashfree. During the raids, it was claimed that the money kept in merchant IDs and bank accounts of these Chinese person-controlled entities totalled Rs. 17 crores.