Paytm Slams Unverified Reports of ED Probe

Paytm denies receiving any fresh communication from the Enforcement Directorate (ED) amidst reports of a cryptocurrency scam probe involving Chinese nationals. Shares of the company saw a temporary dip but recovered partially. Paytm insists previous enquiries pertain to independent merchants, not the firm itself.

Paytm has refuted claims that it has received new inquiries from the Enforcement Directorate (ED) amid reports of involvement in a cryptocurrency scam investigation.

The company labeled media reports as 'factually incorrect and misleading,' reiterating that previous probes targeted independent merchants, not Paytm or its subsidiaries.

Despite an 8.4% drop in One97 Communications' share value, it partially recovered. Paytm advises stakeholders to disregard unverified reports and assures prompt disclosure of any significant developments.