'No query from ED': Paytm denies reports of facing probe in crypto scam

Quick Summary:

Shares of One97 Communications, which owns the Paytm brand, fell 8.4 per cent during the day to Rs 773.90 but recovered partially and closed at 5 per cent lower on BSE."...we confirm that we have not received any such new notice, communication, or query from the Enforcement Directorate regarding the matter mentioned in the media articles," Paytm said in a clarification to BSE terming the information published as "factually incorrect and misleading".

The information published is "factually incorrect and misleading", Paytm said dismissing media reports that claimed ED is investigating eight payment gateways, including Paytm, in connection with a scam involving 10 Chinese nationals.

Paytm on Friday said it has not received any fresh notice, communication, or query from the Enforcement Directorate after reports suggested that the fintech firm is among companies facing a probe over cryptocurrency scam.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Enforcement Directorate Paytm Crypto scam ED Paytm crypto scam

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-24 @ 22:08:54 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 414 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 35 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 25406904

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