Paytm might've committed forex fraud

Yup. Once your accounts started getting scrutinised, all your skeletons are going to fall out of the closet.

Yup. Poor compliance then money laundering and now forex fraud. They were running a get rich quick by any means scheme

I wish it was just that. It looks like deliberately planned financial fraud at this point tbh. I don't believe you can mess up loan books, anti money laundering and foreign exchange law compliance at the same time just due to incompetence.

Yes, indeed. There seems to be a lot brewing underneath. It all comes down to motive as well, can't be just plain oversight or incompetence. Gunning for a so called historic IPO as the "flag bearer of the Indian startup ecosystem" and what not. Even their most ardent fans should be questioning themselves by now.

All parties proven guilty must go to prison. This is a matter of shame for our startup ecosystem.

This was the end of the passage. There was an ad after it so I cropped it.

No, I meant that Paytm has denied the reports.