No investigation by ED: Paytm

One97 Communications, the dad or mum firm of Paytm, on Sunday clarified that there was no investigation by the Enforcement Directorate on the corporate, its associates and/or its founder and CEO for anti-money laundering actions.

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“Neither the corporate nor its founder and CEO are being investigated by the Enforcement Directorate relating to inter alia cash laundering. Up to now, sure retailers/customers on our platforms have been topic to enquiries and on these events, we’ve got at all times cooperated with the authorities. Throughout any such investigations by the authorities on any set of retailers/customers up to now, we’ve got cooperated with them on these investigations. This has been beforehand disclosed to the inventory exchanges,” One97 stated in a inventory change submitting.

“We wish to set the report straight and deny any involvement in anti-money laundering actions. Now we have and proceed to abide by Indian legal guidelines and take regulatory orders with utmost seriousness,” it added.

The clarification comes amid media reviews that claimed that the latest motion by the RBI was linked to investigations by the ED.