ED conducts searches on some Paytm, PayU premises: report

ED conducts searches on some Paytm, PayU premises: report
Reuters
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Paytm, the Enforcement Directorate and PayU did not immediately respond to Reuters request for comment.

Reuters
FILE PHOTO: A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India, January 31, 2019. REUTERS/Amit Dave
Enforcement Directorate (ED), the country's federal financial crime-fighting agency, was conducting searches on certain premises of One 97 Communications Ltd', the parent of Paytm, and payment solutions provider PayU, CNBC-TV18 reported on Wednesday, citing sources.

Paytm, the Enforcement Directorate and PayU did not immediately respond to Reuters request for comment.

This is a developing story. Watch this space for more.

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