The Law Enforcement Directorate said on Friday that it froze funds worth ₹46.67 crore kept in Easebuzz, Razorpay, Cashfree and Paytm payment gateways after carrying out raids this week against Chinese-controlled lending applications and investment tokens.
The funds were frozen under the anti-money laundering law.
The searches were launched on September 14 at several premises of the accused in Delhi, Mumbai, Ghaziabad, Lucknow and Gaya.
Sixteen premises of banks and payment gateways in Delhi, Gurugram, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur and Bangalore in connection with an investigation related to an app-based token named HPZ and related entities have also been covered, the federal agency said. in a report.
The money laundering case stems from an October 2021 FIR filed by the Kohima Police Cybercrime Unit in Nagaland, he said.
“During the search, various incriminating documents were recovered and seized,” he said.
“Huge balances were found in virtual accounts of entities involved with payment aggregators like ₹33.36 crore were found with Easebuzz Private Limited, Pune, ₹8.21 crore with Razorpay Software Private Limited, Bangalore, 1, ₹28 crore with Cashfree Payments India Private Limited, Bangalore and ₹1.11 crore with Paytm Payments Services Limited, New Delhi,” he said.
An amount of ₹46.67 crore was detected and frozen in various bank and virtual accounts, the ED said.
September 16, 2022