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Paytm States ED Not Investigating Anything New, Searches Linked Ongoing To Probe

Reacting to the ED search operation, a Paytm spokesperson said the company has shared additional information with the ED

New Delhi: The Enforcement Directorate (ED) is not investigating anything new and the investigation authorities have sought additional information on the ongoing probes on certain merchants, Paytm said on Wednesday while reacting to the search operation conducted by the enforcement agency.

Reacting to the ED search operation, a Paytm spokesperson said the company has shared additional information with the Directorate of Enforcement (ED) as the agency continues to seek information about certain merchants from various payment providers in connection with its ongoing investigation. This is not a new investigation but is a part of the ongoing investigation on certain merchants, who are independent entities and not related to Paytm, the spokesperson said.

โ€œAs we have mentioned before, ED continues to seek information about certain merchants from various payment service providers, we have shared the required information,โ€ the spokesperson added.
The company said the ED queries are related to the same investigation, for which it had notified the stock exchanges on September 4, 2022.

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In the earlier stock exchange filing, the company had said: โ€œAs a part of ongoing investigations on a specific set of merchants, the ED has sought information regarding such merchants to whom we provide payment processing solutions. It is hereby clarified that these merchants are independent entities, and none of them are our group entities. We are and will continue to, fully cooperate with the authorities, and all the directive actions are being duly complied with.โ€

In early September, the ED had earlier instructed various payment service providers to freeze certain amounts from the Merchant IDs (MIDs) of a specific set of merchant entities. Paytm had then said that none of the funds which were frozen belong to the company or any of its subsidiaries.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.) 

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National Politics

Bhupesh Bahgel Launches Second Edition Of โ€˜Bhent-Mulaqatโ€™ In Raigarh

ANI
Bhupesh Baghel

Chhattisgarh Chief Minister Bhupesh Bahgel on Wednesday visited Raigarh in-lieu of โ€˜Bhent-Mulaqatโ€™ scheme of the state government.

Raigarh: Chhattisgarh Chief Minister Bhupesh Bahgel on Wednesday visited Raigarh in-lieu of โ€˜Bhent-Mulaqatโ€™ scheme of the state government.

Talking about, the โ€˜Bhent-Mulaqatโ€™ scheme, Baghel told ANI, โ€œIt is through this scheme that the peopleโ€™s issues reach us, that is why there is a dialogue in the meeting, information about the schemes, for the farmers, for the school children. We have made many schemes for tribals, women, labourers, farmers, and its benefits are being given to the beneficiaries.โ€ He further, said, โ€œWhether or not everyone is getting the ration in the APL card or the caste certificate in the BPL card. We directly question all these things to the general public and if even necessary instructions have to be given, we also give, if an action has to be taken, we also do it, if where the officials do their work correctly, then action is also taken.โ€

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When asked about which scheme of his Government is most successful and which scheme is getting more feedback, Baghel, replied, โ€œThe biggest thing is that we have increased the income of the general public. The farmer who are benefiting under the Rajiv Gandhi Kisan Yojana, are given input subsidies, which has benefited them a lot and has changed their standard of living a lot. There is 44% forest in Chhattisgarh, and we also buy 74% of the whole countryโ€™s minor forest produce, in Chhattisgarh, tendu leaves are made from 4000 per standard bag and 65 types of minor forest produce are its support price.

By declaring and arranging for its purchase, then a lot of change has come in the lives of tribals, giving them forest rights recognition letters under Forest IT Act is also a matter of community claim, forest resource rights have also been made as per rules. โ€œHe further spoke about health and education schemes in Chattisgarh, โ€œWe have been very successful with the Haat Bazar Clinic scheme, we are also getting cheap medicines under Shri Dhanwantri Yojana and we are giving assistance up to 20 lakhs under Dr Khubchand Baghel health scheme up to 500000. On the education side, Swami Atmanand English School and Hindi School, there is a big demand for it, last year 279 schools were operated by us and 422 schools will start from next education session. In this way, 700 schools will be ours.โ€

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.) 

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