No New ED Notice, Clarifies Paytm As Shares Drop

Mumbai: Financial services major Paytm on Friday said it has not received any new notice from the Enforcement Directorate (ED) related to an ongoing investigation into a cryptocurrency scam.

In a filing, the company responded to emails sent by the stock exchanges, saying the case dates back to September 2022 and is not connected to Paytm or its subsidiaries.

In their emails, the BSE and the NSE had sought clarification from the company amid claims about an ED investigation.

According to claims in earlier media reports, Paytm, along with other payment gateways, was under investigation for allegedly facilitating a large-scale crypto scam.

“We would like to clarify that there is no investigation into the Company or its subsidiaries. The ED’s probe is focused on third-party merchants, not Paytm,” the company said in a BSE filing.