Mortgage applications in Chinese | ED freezes over Rs 46 crore of rate funds stored in fee gate accounts

The Department of Enforcement said Friday that it has frozen Rs 46.67 crore price funds stored in fee portals Easebuzz, Razorpay, Cashfree and Paytm after it carried out raids this week in opposition to Chinese-controlled mortgage apps and finance tokens.

Funds have been frozen under the Anti-Money Laundering Regulation.

Search operations began on 14 September in a number of accused premises in Delhi, Mumbai, Ghaziabad, Lucknow, Gaya.

Sixteen bank buildings and toll gates in Delhi, Gurugram, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur, and Bengaluru in connection with an investigation linked to An application called HPZ and its associated entities are additionally covered. From Kohima Police in Nagaland, she stated.

erwork has been retrieved and taken over. , Pune, Rs 8.21 crore with Razorpay Software Personal Restricted, Bangalore, Rs 1.28 crore with Cashfree Funds India Personal Restricted, Bangalore and Rs 1.11 crore with Restricted Paytm Funds Providers, New Delhi.”

Discovered A quantity of Rs 46.67 crore and frozen in several financial institutions and digital accounts, the CEO said.

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