Categorically denying any investigation by the Enforcement Directorate on One97 Communications Ltd, partners or its founder and CEO Vijay Shekhar Sharma for anti-money laundering activities, Paytm parent OCL Sunday dismissed the recent misleading reports in the media.
“Neither the company nor its founder and CEO are under investigation by the Enforcement Directorate for, among other things, money laundering,” the company said in an exchange filing.
“We would like to set the record straight and deny any involvement in anti-money laundering activities. We have and continue to abide by Indian laws and take regulatory orders with the utmost seriousness. There are other stories in various media, including social media, that spread speculation and misinformation about the reasons for RBI action on Paytm Payments Bank,” the company said.
“RBI’s recent direction is part of the ongoing supervisory engagement and compliance process. For this action, we refer our stakeholders to the official RBI press release dated January 31, 2024 and do not rely on unofficial sources,” read the stock market archive.
Paytm further said in the interest of transparency, and protecting its reputation, customers, shareholders and stakeholders from being influenced by unjustified and speculative stories, the company has registered this whistleblower and is exploring all options to ensure that its stakeholders are protected from unjustified and speculative . stories
Earlier on February 3, a Reuters report said that the Enforcement Directorate will investigate Paytm Payments Bank if fresh allegations of fund siphoning are found citing Revenue Secretary Sanjay Malhotra.
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Published: 04 Feb 2024, 22:29 IST