News Snapshot:
India’s financial crime agency raided the offices of fintech unicorns Paytm and Razorpay as well as Cashfree on Friday as part of an ongoing investigation into fraudulent Chinese lending apps , it said on Saturday. latest in a series of surveys in recent months. The Law Enforcement Directorate said its raids on top Indian companies and companies controlled by Chinese personnel were prompted by 18 complaints lodged with the cybercrime police in Bengaluru. The complaints alleged the companies ’ involvement in “extortion and harassment of the public who had benefited from a small amount of loans through the mobile apps...
