The Enforcement Directorate mentioned it has frozen Rs 46.67 crore worth of cash kept in payment gateways Easebuzz, Razorpay, Cashfree and Paytm following it carried out raids this 7 days versus Chinese-managed loan apps and financial investment tokens. The money have been frozen underneath the anti-revenue laundering regulation.
The lookups were being launched on September 14 at numerous premises of the accused in Delhi, Mumbai, Ghaziabad, Lucknow and Gaya.
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Sixteen premises of banking companies and payment gateways in Delhi, Gurugram, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur and Bengaluru in respect of an investigation related to an app-primarily based token named HPZ and related entities had been also included, the federal agency said in a statement.
The income laundering case stems from an October, 2021 FIR submitted by the cybercrime unit of Kohima Police in Nagaland, it mentioned.
“Throughout the lookup, several incriminating paperwork have been recovered and seized,” it said.
“Large balances have been identified to be taken care of in the digital accounts of the associated entities with payment aggregators like Rs 33.36 crore was observed with Easebuzz Non-public Minimal, Pune, Rs 8.21 crore with Razorpay Software program Private Restricted, Bangalore, Rs 1.28 crore with Cashfree Payments India Personal Minimal, Bangalore and Rs 1.11 crore with Paytm Payments Services Constrained, New Delhi,” it mentioned.
An quantity of Rs 46.67 crore was detected and frozen in numerous bank accounts and digital accounts, the ED claimed.