Business News : Government action on Paytm Payments Bank

Government action on Paytm Payments Bank, fine of ₹ 5.49 crore, case related to money laundering.
FIU had received information about illegal activities of some units and companies related to their business. The issue of online gambling came to light in this. The ministry said that the accounts of these units were with Paytm Payments Bank Limited. They sent the money received from illegal activity to other places through Paytm Payments Bank accounts. On the other hand, a company spokesperson said, the fine is related to issues with a business segment, which was shut down two years ago.