Lagatar24 Desk
New Delhi, Sept 16: The Enforcement Directorate announced on Friday that it had frozen funds valued at 46.67 crore held in the payment gateways Easebuzz, Razorpay, Cashfree, and Paytm. In accordance with the anti-money laundering law, the funds have been blocked.
On September 14, searches were initiated at various locations belonging to the accused in Delhi, Mumbai, Ghaziabad, Lucknow, and Gaya.
The central agency stated in a statement that 16 bank and payment gateway locations in Delhi, Gurugram, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur, and Bengaluru were encompassed by the probe into an app-based token called HPZ and related organisations.
The Kohima Police’s cybercrime unit in Nagaland filed a FIR in October 2021, according to the statement, which is the basis for the money laundering case.
“During the search, various incriminating documents have been recovered and seized,” it said.
“Huge balances were found to be maintained in the virtual accounts of the involved entities with payment aggregators like Rs 33.36 crore was found with Easebuzz Private Limited, Pune, Rs 8.21 crore with Razorpay Software Private Limited, Bangalore, Rs 1.28 crore with Cashfree Payments India Private Limited, Bangalore and Rs 1.11 crore with Paytm Payments Services Limited, New Delhi,” it added.
