Razorpay Says No Funds Frozen by ED Following Raids, All Operations Adhere to Regulatory Guidelines

Razorpay on Friday said that the recent Enforcement Directorate (ED) raids were related to an ongoing investigation against a few suspicious entities who conducted illegal business through multiple payment gateways or banks, and that the company had blocked the entities and funds associated with them about 1.5 years ago and shared their details with the agency.

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