Last week, the probe agency announced the investigation into overseas transactions by Paytm Payments Bank, a unit of One 97 Communications, popularly known as Paytm.
Paytm shares have plunged more than 50% since the Reserve Bank of India (RBI) announced on 31 January t Paytm Payments Bank could no longer accept new funds into its accounts or wallet. The rout has eroded around $3.1 billion in shareholders' wealth.
The investigation has found some lapses related so-called know-your-customer (KYC) rules that verify the profiles of users, said the person with knowledge on the matter.
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