Indian agency searches fintech Paytm, Razorpay and Cashfree offices in Chinese loan apps probe – TechCrunch Bright House Finance


Source: brighthousefinance.com brighthousefinance.com

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[ad_1] India’s monetary crime combating company searched the workplaces of fintech unicorns Paytm and Razorpay in addition to Cashfree on Friday as a part of an ongoing investigation into fraudulent Chinese language mortgage apps, it mentioned Saturday, the most recent in a sequence of probes in latest months. The Enforcement Directorate mentioned its searches at excessive profile Indian companies and companies managed by Chinese language personnel have been prompted by 18 complaints made to the Cyber Crime Police in Bengaluru. The complaints alleged the companies’ involvement in “extortion and harassment of the general public who had availed small quantity of...