News Snapshot:
India’s financial crime-fighting agency on Friday searched the offices of fintech unicorns Paytm and RazorPay as well as Cashfree as part of an ongoing probe into fraudulent Chinese loan apps, it said on Saturday, an investigation conducted in recent months. Latest in the series. The Enforcement Directorate said its searches on high-profile Indian firms and businesses controlled by Chinese personnel were prompted by 18 complaints made to the cybercrime police in Bengaluru. The complaints allege the involvement of businesses, “extortion and harassment from the public, who had taken loans of small amounts through mobile apps.” “During the enquiry, it has...
