Paytm Responds to False Media Reports About ED Probe on Crypto Scam
On January 24, 2025, media outlets including “Times of India” and “www.moneycontrol.com” reported that Paytm and other entities were under investigation by the Enforcement Directorate (ED) in relation to a crypto scam, with Rs 500 crore allegedly frozen. In response to these reports, Paytm has issued a clarification emphasizing that these claims are factually incorrect and misleading.

Clarification on the Probe
In the clarification issued, Paytm confirmed that it had not received any new communication or notice from the Enforcement Directorate (ED) regarding the matter mentioned in the news reports. The company stated that the reports refer to old enquiries that were related to third-party merchants for whom Paytm had provided payment processing solutions. These merchants are independent entities and are not part of Paytm’s group. The company has fully cooperated with the authorities and has complied with all directives issued.

No Probe on Paytm or Its Subsidiaries
It was specifically mentioned that contrary to what the media reports suggest, there has been no probe or investigation against Paytm or its subsidiaries. The ED’s probe pertains to the activities of the third-party merchants involved in the crypto-related transactions, not to Paytm’s operations. Paytm reassured its investors and stakeholders that it has always maintained compliance with legal and regulatory frameworks, including full cooperation with law enforcement agencies.

Request to Stakeholders
In light of these misleading media reports, Paytm urged investors and stakeholders to avoid relying on unverified information. The company assured all concerned parties that it would promptly disclose any material developments in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Paytm also invited stakeholders to visit its official website for further details and clarifications. The full disclosure is available on the company’s investor relations page at Paytm IR.

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