ED Conducts Raids at Razorpay, Paytm, and Cashfree Offices in Chinese Loan Apps Probe

The Enforcement Directorate on Saturday conducted multiple raids at office premises of online payment gateways like Razorpay, Paytm, and Cashfree as part of an ongoing probe against "illegal" instant smartphone-based loans "controlled" by Chinese persons. The search operation is in progress, the Enforcement Directorate said.

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