The Enforcement Directorate (ED) is currently investigating the money trail and checking if the gateways had generated suspicious transaction reports (STR), and alerted the RBI.
The Enforcement Directorate (ED) is currently investigating the money trail and checking if the gateways had generated suspicious transaction reports (STR), and alerted the RBI.
All financial institutions have to generate STRs and report them to the RBI periodically, which then forward them to the Financial Intelligence Unit (FIU) for agencies to investigate.
PayU had the highest amount frozen in the virtual accounts at Rs 130 crore of the alleged “proceeds of crime” related to the HPZ Token scam, followed by Rs 33.4 crore with Easebuzz, Rs 18 crore with Razorpay, Rs 10.6 crore with CashFree and Rs 2.8 crore with Paytm, the report added.
The other payment gateways include WunderBaked, AgreePay and SpeedPay.
More than 50 companies were registered in Delhi having 84 bank accounts, 26 firms in Karnataka with 37 bank accounts, 19 in Haryana and 11 in Uttar Pradesh, besides Maharashtra, Gujarat, Andhra Pradesh, Telangana, Tamil Nadu and West Bengal, the report said.
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