Entirely misleading & malicious: Paytm on reports of ED probing forex violations

After reports claimed that the Enforcement Directorate (ED) is investigating Paytm over possible violations of foreign exchange rules, the company said, "Such media reports are entirely misleading, baseless and malicious." Paytm had earlier also denied media reports which said that the ED is probing its parent company One97 Communications and its CEO Vijay Shekhar Sharma for money laundering.