Chinese loan apps: ED freezes fresh ₹9.82 cr worth funds; check list of names
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The ED has frozen ₹9.82 crore worth funds kept in merchant IDs with certain online payment gateways
The ED has frozen ₹9.82 crore worth funds kept in merchant IDs with certain online payment gateways as part of an ongoing money laundering investigation against a "Chinese-controlled" investment token app.This is the second time that the ED has frozen funds kept in merchant IDs with certain online payment gateways. "Various Chinese-controlled entities like Comein Network Technology Private Limited and others, in service agreements with various NBFCs (non banking financial companies) were also operating multiple suspicious loan/other apps such as Cashhome, Cashmart, Easyloan etc. and they indulge in receiving funds from...