HomeTechnologyRead: What Paytm has to say on reports of probe by ED...

Read: What Paytm has to say on reports of probe by ED – Times of India

The Reserve Bank of India (RBI) last month imposed a ban on Paytm Payment Bank Ltd, limiting its ability to offer services to customers. Several reports suggested that the company is now being investigated by the Enforcement Directorate (ED). In a statement, the company denied the reports saying that they are “entirely misleading, baseless and malicious.”
Paytm released a statement on X (formerly Twitter) tagging reports as ‘misinformation’.
Read the company’s statement on the ED investigation.
One97 Communications Ltd (OCL) denies reports of investigation or violation of Foreign Exchange rules by the Company or its associate Paytm Payments Bank Limited.
To address recent misinformation, factual inaccuracies, and speculation, One97 Communications Limited (OCL / Paytm / Company) would like to set out the Company’s position and directly address rumors in the recent misleading media reports about the Company. This filing is done in the interest of transparency, and protecting our reputation, customers, shareholders, and stakeholders from being influenced by unwarranted and speculative stories. We will continue to post such clarifications, as required.
The Company filed a specific clarification yesterday, categorically denying any investigation by the Enforcement Directorate on OCL, our associates and our management. We have since seen additional media reports making baseless speculations about investigations of the Company or its associate Paytm Payments Bank Limited (PPBL) for violation of foreign exchange rules.
We would like to reiterate that the Company and its associate Paytm Payments Bank Limited are not the subject matter of any such investigation. Such media reports are entirely misleading, baseless and malicious, which harm the interests of all our stakeholders.
Paytm, Jio deny talks on Paytm wallet acquisition
Reliance Industries-owned Jio Financial Services (JFSL) and Paytm have also clarified that it is not in talks with Paytm parent company to acquire Paytm wallet.
“We clarify that the news item is speculative and we have not been in any negotiations in this regard. We have always made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,” JFSL said in a regulatory filing.

Source link



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments