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Press Release

No ED investigation on Paytm, confirms Revenue Secretary

Following Paytm's denial of an Enforcement Directorate (ED) investigation against it, Revenue Secretary Sanjay Malhotra, in an interview with Moneycontrol, emphasized that no law enforcement agencies have taken action against the prominent fintech company. This clarification comes amid speculations and misleading media reports suggesting Paytm's involvement in money laundering. Sanjay during the interview said, "If there is any action to be taken, law enforcement agencies will take it. Right now there is nothing.” This statement contradicts reports of a possible Enforcement Directorate probe. Paytm itself addressed the matter in an...
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