The ED has filed a prosecution complaint (chargesheet in police parlance) against seven entities and five individuals involved in the Chinese Loan App case before the Special PMLA Court in Bengaluru. The court has taken cognizance of the complaint.
The accused entities include three Fintech companies --- Mad Elephant Network Technology Private Limited, Baryonyx Technology Private Limited and Cloud Atlas Future Technology Private Limited --- which are controlled by the Chinese nationals, three non-banking finance companies (NBFCs) registered with the RBI namely X10 Financial Services Private Limited, Track Fin-ed Private Limited and Jamnadas Morarjee Finance Private Limited and one Payment gateway, Razorpay Software Private Limited, the ED said in a statement.
Earlier, the ED has issued two provisional attachment orders and attached Rs 77.25 crore in this case lying in the bank accounts and payment gateways and the same has been confirmed, it said.
