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HPZ Token Probe: ED Freezes Another INR 9.8 Cr Lying With Payment Gateways

Inc42 LogoInc422 mo ago

HPZ Token Probe: ED Freezes Another INR 9.8 Cr Lying With Payment Gateways - Inc42

Quick Summary:

Eventually, the money transferred to entities would be syphoned off using digital currencies and the website would become inaccessible.

The ED is currently investigating multiple crypto exchanges in the country as part of its probe into illegal digital lending apps.

Investigation into the matter revealed that the companies in question operated in agreement with various non banking financial companies (NBFCs) and received funds from the public via apps such as Cashhome, Cashmart and easyloan.


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HPZ Token Probe: ED Freezes Another INR 9.8 Cr Lying With Payment Gateways - Inc42 (Picture 1)

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Article Details

Author / Journalist: Chetan Thathoo

Category: Startups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 14:52:35 (2 months ago)

News Timezone: GMT +5:00

Ranking: #2538 (out of 3412 stories this day)

News Source URL: inc42.com

Language: English

Article Length: 488 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Inc42

News ID: 621328

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About Inc42

Inc42 Logo

Main Topics: Startups

Official Website: inc42.com

Update Frequency: 17 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #52

Publisher Details

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The story "HPZ Token Probe: ED Freezes Another INR 9.8 Cr Lying With Payment Gateways" has 488 words across 27 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "HPZ Token Probe: ED Freezes Another INR 9.8 Cr Lying With Payment Gateways" was covered 2 months ago by Inc42, a news publisher based in India.

How trustworthy is 'Inc42' news outlet?

Inc42 is a fully independent (privately-owned) news outlet established in 1975 that covers mostly startups news.

The outlet is headquartered in India and publishes an average of 17 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #621328
  • URL: https://beamstart.com/news/hpz-token-probe-ed-freezes-16644632124849

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