Will come out of it soon: PC Financial on its ED probe for Chinese links

PC Financial Services Pvt Ltd, a non-banking financial organization, which is being probed by the ED for its alleged Chinese links, on Wednesday said it will come out of this situation soon.

PC Financial Services Pvt Ltd, a non-banking financial organisation which is being investigated by the Enforcement Directorate (ED) for their alleged link with a Chinese national, on Wednesday said that they would be out of this situation very soon. It also said they are responding to all scrutiny with forthrightness.

The ED recently initiated a probe under the Foreign Exchange Management Act (FEMA) against PC Financial Services Pvt Ltd (PCFS), which provides instant personal micro loans through its mobile application 'Cashbean’.