India's financial crime fighting agency said on Monday its investigation revealed that payment services provider Paytm and its units had violated the country's Foreign Exchange Management Act to the tune of 6.

(Reuters) - India's Paytm received a show cause notice from India's financial crime fighting agency on Saturday for allegedly violating the country's Foreign Exchange Management Act.

Paytm received a show cause notice from India's financial crime fighting agency on Saturday for allegedly violating the country's Foreign Exchange Management Act. The notice relates to violations relating to acquisition of two subsidiaries - Little Internet Private Limited and Nearbuy India Private Limited for the years 2015 to 2019,

India's financial crime fighting agency has fined British broadcaster BBC 314,510 pounds ($397,980) for alleged foreign exchange violations in the South Asian nation, three government sources told Reuters.