India’s Paytm Says Company, CEO Not Under Money Laundering Probe

Indian fintech Paytm said Sunday the company and its founder and chief executive officer Vijay Shekhar Sharma weren’t under investigation by the country’s anti-money laundering agency.

India’s central bank found several lapses at Paytm Payments Bank Ltd. including multiple transactions beyond regulatory limits, raising money-laundering concerns, Bloomberg News reported previously.