New Delhi: Enforcement Directorate not investigating One97 Communications owner Paytm brand, nor its founder and CEO Vijay Shekhar The company said on Sunday that Sharma is accused of money laundering. The ED had in September 2022 visited the premises of the company and some other fintech firms like Razorpay for a money laundering probe against some merchants using their platforms.
“Neither the Company nor its Founder and CEO is being investigated by the Enforcement Directorate in connection with, inter alia, money laundering. In the past, certain traders/users on our platforms have been questioned and on those occasions But, we have always cooperated with the authorities,” Paytm said in a regulatory filing.
The company said it has cooperated with the agencies in the past during any investigation by the authorities on any group of traders or users.
“We wish to set the record straight and deny any involvement in anti-money laundering activities. We comply with Indian laws and take regulatory orders extremely seriously,” the filing said. ”
The company has been embroiled in controversy after a recent incident. reserve Bank of India that order is prohibited Paytm Payments Bank Limited It has been ordered not to take any further deposits or make credit transactions or top-up on any customer account, prepaid device, wallet, card for paying road toll after February 29.
Paytm Payments Bank Limited (PPBL) is an associate of One97 Communications Limited (OCL), which holds 49 per cent of the paid-up share capital of PPBL (directly and through its subsidiary). Sharma has 51 percent stake in the bank.
“Neither the Company nor its Founder and CEO is being investigated by the Enforcement Directorate in connection with, inter alia, money laundering. In the past, certain traders/users on our platforms have been questioned and on those occasions But, we have always cooperated with the authorities,” Paytm said in a regulatory filing.
The company said it has cooperated with the agencies in the past during any investigation by the authorities on any group of traders or users.
“We wish to set the record straight and deny any involvement in anti-money laundering activities. We comply with Indian laws and take regulatory orders extremely seriously,” the filing said. ”
The company has been embroiled in controversy after a recent incident. reserve Bank of India that order is prohibited Paytm Payments Bank Limited It has been ordered not to take any further deposits or make credit transactions or top-up on any customer account, prepaid device, wallet, card for paying road toll after February 29.
Paytm Payments Bank Limited (PPBL) is an associate of One97 Communications Limited (OCL), which holds 49 per cent of the paid-up share capital of PPBL (directly and through its subsidiary). Sharma has 51 percent stake in the bank.
