Rs 611 cr FEMA violations: ED issues notice to Paytm’s parent firm, Managing Director

New Delhi, March 3 : The Enforcement Directorate (ED) on Monday issued a show-cause notice to One97 Communications Ltd, the parent company of Paytm, its Managing Director Vijay Shekhar Sharma and others for violating certain provisions of the Foreign Exchange Management Act, 1999 (FEMA, 1999) worth Rs 611 crore. The show-cause notice has been issued…

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