RBI showed strictness against Paytm, now many inquiries were made from officials, many important documents were also discussed
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These days, the Enforcement Directorate is busy interrogating senior officials after RBI’s action to stop Paytm Bank Limited from accepting deposits or top up in customer accounts. Senior officials of Paytm are also being interrogated. Many important documents have also been called from the officials.
Official sources say the central agency is taking action under the Foreign Exchange Management Act before initiating a formal investigation into the alleged irregularities identified by the fintech company RBI. Under this, preliminary scrutiny of documents is being done in the beginning.
Paytm’s statement also came
Paytm’s statement has also come out on this matter. Paytm officials had submitted the documents some time back. After submitting these documents, some questions were asked to the officials. Necessary information has also been sought from the officials. No irregularities have been found in the investigation so far. According to FEMA, if any discrepancy is found in the documents of Paytm, a case will be registered under the law. Investigation under the Prevention of Money Laundering Act is already underway.
RBI also gave information
Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said there is ‘hardly any scope’ for reviewing the action taken against Paytm Payments Bank (PPBL). In a major action against Paytm Payments Bank, RBI had barred it from accepting deposits or top-up in any customer account, wallet, Fastag and other instruments after February 29.
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