Following searches conducted by Enforcement Directorate (ED) at locations linked to Paytm Payment Services, the company on Sunday said that the merchants under scrutiny are not Paytm entities and the seized funds do not belong to the company.
The ED on Saturday said it carried out searches as part of investigation in the Chinese micro-loan app case at six premises in Bengaluru, including those of Razorpay Pvt, Cashfree Payments and Paytm Payment Services.