Razorpay Says No Funds Frozen by ED Following Raids, All Operations Adhere to Regulatory Guidelines

Razorpay Says No Funds Frozen by ED Following Raids, All Operations Adhere to Regulatory Guidelines

ByNews Polite

Payments solution provider Razorpay, which was raided by the Enforcement Directorate recently, in a statement said that it has cooperated with the agency and its funds have not been frozen. “This recent visit by the ED is part of the ongoing investigation against a few suspicious entities who conducted illegal…

ED Raids WazirX for Money Laundering Investigation, Freezes Bank Deposits Over Rs. 64.67 Crore

ED Raids WazirX for Money Laundering Investigation, Freezes Bank Deposits Over Rs. 64.67 Crore

ByNews Polite

The Enforcement Directorate (ED) on Friday said it has frozen bank deposits of Rs. 64.67 crore as part of a money laundering probe against crypto currency exchange WazirX. The federal agency said it conducted raids against a director of Zanmai Lab Private Limited, which owns WazirX, on August 3 in…