The Reserve Financial institution of India (RBI) final month imposed a ban on Paytm Fee Financial institution Ltd, limiting its means to supply companies to prospects. A number of stories recommended that the corporate is now being investigated by the Enforcement Directorate (ED). In a press release, the corporate denied the stories saying that they’re “totally deceptive, baseless and malicious.”
Paytm launched a press release on X (previously Twitter) tagging stories as ‘misinformation’.
Learn the corporate’s assertion on the ED investigation.
One97 Communications Ltd (OCL) denies stories of investigation or violation of Overseas Trade guidelines by the Firm or its affiliate Paytm Funds Financial institution Restricted.
To deal with current misinformation, factual inaccuracies, and hypothesis, One97 Communications Restricted (OCL / Paytm / Firm) want to set out the Firm’s place and immediately deal with rumors within the current deceptive media stories in regards to the Firm. This submitting is completed within the curiosity of transparency, and defending our repute, prospects, shareholders, and stakeholders from being influenced by unwarranted and speculative tales. We’ll proceed to put up such clarifications, as required.
The Firm filed a selected clarification yesterday, categorically denying any investigation by the Enforcement Directorate on OCL, our associates and our administration. We’ve since seen further media stories making baseless speculations about investigations of the Firm or its affiliate Paytm Funds Financial institution Restricted (PPBL) for violation of overseas trade guidelines.
We want to reiterate that the Firm and its affiliate Paytm Funds Financial institution Restricted usually are not the subject material of any such investigation. Such media stories are totally deceptive, baseless and malicious, which hurt the pursuits of all our stakeholders.
Paytm, Jio deny talks on Paytm pockets acquisition
Reliance Industries-owned Jio Monetary Providers (JFSL) and Paytm have additionally clarified that it’s not in talks with Paytm mother or father firm to amass Paytm pockets.
“We make clear that the information merchandise is speculative and we now have not been in any negotiations on this regard. We’ve all the time made and can proceed to make disclosures in compliance with our obligations below the SEBI (Itemizing Obligations and Disclosure Necessities) Rules, 2015,” JFSL stated in a regulatory submitting.
Paytm launched a press release on X (previously Twitter) tagging stories as ‘misinformation’.
Learn the corporate’s assertion on the ED investigation.
One97 Communications Ltd (OCL) denies stories of investigation or violation of Overseas Trade guidelines by the Firm or its affiliate Paytm Funds Financial institution Restricted.
To deal with current misinformation, factual inaccuracies, and hypothesis, One97 Communications Restricted (OCL / Paytm / Firm) want to set out the Firm’s place and immediately deal with rumors within the current deceptive media stories in regards to the Firm. This submitting is completed within the curiosity of transparency, and defending our repute, prospects, shareholders, and stakeholders from being influenced by unwarranted and speculative tales. We’ll proceed to put up such clarifications, as required.
The Firm filed a selected clarification yesterday, categorically denying any investigation by the Enforcement Directorate on OCL, our associates and our administration. We’ve since seen further media stories making baseless speculations about investigations of the Firm or its affiliate Paytm Funds Financial institution Restricted (PPBL) for violation of overseas trade guidelines.
We want to reiterate that the Firm and its affiliate Paytm Funds Financial institution Restricted usually are not the subject material of any such investigation. Such media stories are totally deceptive, baseless and malicious, which hurt the pursuits of all our stakeholders.
Paytm, Jio deny talks on Paytm pockets acquisition
Reliance Industries-owned Jio Monetary Providers (JFSL) and Paytm have additionally clarified that it’s not in talks with Paytm mother or father firm to amass Paytm pockets.
“We make clear that the information merchandise is speculative and we now have not been in any negotiations on this regard. We’ve all the time made and can proceed to make disclosures in compliance with our obligations below the SEBI (Itemizing Obligations and Disclosure Necessities) Rules, 2015,” JFSL stated in a regulatory submitting.
