Paytm gets ED notice for FEMA violations in acquisition of 2 firms

The Enforcement Directorate has issued a FEMA violation notice to One97 Communications, owner of Paytm, for alleged irregularities related to its acquisition of Little Internet Private Limited and Nearbuy India Private Limited. The notice addresses potential contraventions between 2015 and 2019 involving investment transactions and includes certain current and past directors and officers.

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