Friday, 24 March, 2023

Directorate of enforcement has seized Rs 17 cr in raiding payment gateways premises

<p>The Directorate of Enforcement has raided nine premises that are associated with online payment gateways in Banglore. They were cases involved regarding money laundering against unauthorised loan apps owned&nbsp;by Chinese companies. These companies were involved in all illegal means of earning money. The Directorate has seized Rs.17&nbsp;Crore kept in the accounts of these merchant IDs and bank accounts of Chinese owned entities.</p>