Vijay Shekhar Sharma Resigns as Chairman of Paytm Payments Bank, Board Undergoes Restructuring
One 97 Communications, the official name of Paytm, owns the remaining 51% of the shares in Paytm Payments Bank, which is owned by Sharma.
ED Questions Paytm Executives in Preliminary Probe of Alleged FEMA Irregularities
As of now, the ED has not identified any FEMA irregularities. However, they are concurrently conducting an investigation under the Prevention of Money Laundering Act (PMLA) related to the company.
