Fintech solutions provider One 97 Communications, which operates the popular payment platform Paytm, denied any links with the merchants that are currently under the enforcement agency’s watch.On Friday, the Enforcement Directorate (ED) carried out search operations at six premises in Bengaluru concerning an investigation relating to what it termed a Chinese loan app case. The raids were conducted under provisions of the Prevention of Money Laundering Act (PMLA), 2002.The premises of Razorpay, Cashfree Payments, Paytm Payment Services and entities “controlled” by Chinese persons were covered in the search operation, ED had said.”As a part of ongoing investigations on a specific set of merchants, the ED has sought information regarding such merchants to whom we provide payment processing solutions. It is hereby clarified that these merchants are independent entities, and none of them our group entities,” Paytm clarified on Sunday through a regulatory filing to the stock exchanges.