India probing Paytm over forex violations; $2.5b wiped off company's value

India probing Paytm over forex violations; $2.5b wiped off company's value

FILE PHOTO: A Paytm QR code is seen at a grocery shop in Mumbai, India, November 10, 2021. REUTERS/Niharika Kulkarni

India’s probe into digital payments firm Paytm, has widened with the country’s federal anti-fraud agency investigating  violations of foreign exchange laws, sources said, days after the central bank asked the platform’s banking unit to halt business.

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