Paytm, India's leading digital payments and financial services company, has seen its stock hit a record low following reports of a probe by a regulatory agency into alleged forex violations. The news has raised concerns among investors and users of the popular platform.
The investigation is being conducted by the Directorate of Enforcement (ED), which is responsible for enforcing economic laws and fighting financial crimes in India. According to reports, the ED is looking into allegations of foreign exchange violations related to the company's foreign investment deals and offshore transactions.
