Paytm receives fema violation notice from Ed over Rs 611 Crore transactions company responded
The Directorate of Enforcement (ED) has sent a notice to Paytm’s owner One97 Communications for alleged violation of the Foreign Exchange Management Act (FEMA) rules. The case is related to some investment transactions related to the company and its two subsidiaries – Little Internet and Nearbuy. Paytm clarified this, saying that this alleged violation is…