"Paytm CEO Vijay Shekhar Sharma Denies Money Laundering Probe Amid Crisis"
Paytm's parent company, OCL, has denied any investigation by the Enforcement Directorate for anti-money laundering activities, stating that neither the company nor its CEO Vijay Shekhar Sharma are being probed. The company emphasized its compliance with Indian laws and the seriousness with which it takes regulatory orders. Paytm also clarified that the recent RBI action on Paytm Payments Bank is part of an ongoing supervisory engagement and compliance process, urging stakeholders to refer to official sources for information. This comes after reports of a potential ED probe and RBI crackdown on Paytm Payments Bank over irregularities in KYC norms and related party transactions.
