In response to recent misleading media reports, One97 Communications Ltd (OCL), the parent company of Paytm, has categorically denied any investigation or violation of Foreign Exchange rules. The company aims to address misinformation and protect its reputation, customers, shareholders, and stakeholders from unwarranted speculation.
In a statement released to counter the rumors, OCL clarified that there is no ongoing investigation by the Enforcement Directorate on the company, its associates, or its management. The company emphasizes its commitment to transparency and vows to provide clarifications as needed.
Despite the specific denial, the company notes the emergence of additional media reports making baseless speculations about investigations into Paytm Payments Bank Limited (PPBL), its associate, for alleged violations of foreign exchange rules. OCL and PPBL firmly assert that they are not the subjects of any such investigation.
The company labels the media reports as entirely misleading, baseless, and malicious, asserting that they harm the interests of all stakeholders. OCL remains steadfast in its commitment to transparency and will continue to refute unfounded claims to safeguard its reputation.
