India's Paytm receives notice from financial crime fighting agency, sees no business impact
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 01 2025
0mins
Source: Reuters
Paytm's Legal Issues: India's Paytm has received a show cause notice from the financial crime agency for allegedly violating the Foreign Exchange Management Act concerning the acquisition of two subsidiaries between 2015 and 2019.
Impact on Services: The company stated that this notice does not affect its services to consumers and merchants.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
