“ED did not ask for inquiries”: Paytm denied reports that faced a report on the 22 billion rupee Cordic Crusage Survey

2025-01-24 21:50:00 :

Paytm said on Friday that after reporting that the fintech company was one of the companies facing the investigation of cryptocurrency fraud, it had not received any new notification, communication or inquiry from the Law Enforcement Bureau.

Paytm said that the published information was “incorrect and misleading”, but it was denied that media reports were investigating 8 payment gateways including Paytm, which was related to fraud involving 10 Chinese citizens.

ONE97 Communications, which has Paytm brand, fell 8.4%on the same day to the same day to until the same day, until the same day, to until the day $The BSE index was 773.90, but partially rose, and the closing price fell 5%.

Paytm stated in the clarification made to BSE: “… we confirm that we have not received any such new notifications, communication or inquiries issued by the law enforcement bureau on the media articles,” Paytm said the information published by the information published “In fact, incorrect and incorrect.” Misidity.

Paytm is requested to pay attention to the last letter on September 4, 2022, which involves the search operation of some merchants that provides a payment processing solution for the Law Enforcement Bureau (ED). Old inquiries about third -party merchants.

“What we want to clarify is that these merchants are independent entities and do not belong to a part of our group. We confirm that we have fully cooperated with the authorities and complied with all their instructions,” Patim express.

Paytm further clarified that instead of media reports, the company or its subsidiaries were not investigated, and the investigation of the Ministry of Education was targeted at third -party merchants.

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“We urge investors and stakeholders not to rely on unconfirmed media reports and assure you that if any major progress occurs, we will disclose timely in accordance with the 2015 SEBI (listing obligations and disclosure requirements),” said it.

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