Deposits worth Rs 65 crore seized by crypto exchange WazirX, accused of illegally sending money abroad of Chinese fintech companies


Source: granthshala.in granthshala.in

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New Delhi, Jagran Bureau. ED has seized bank deposits worth Rs 65 crore of crypto exchange WazirX. WazirX is accused of illegally sending money abroad of Chinese companies that defrauded customers and failed to provide their data for investigation. According to the ED, these Chinese companies, who gave loans and then extorted with the help of mobile app, ran away after the investigation started and sent all the money abroad with the help of WazirX. A senior ED official said that information on transactions of Chinese fintech companies was being sought from Janmay Lab Pvt Ltd, the parent company that...