PIB Fact Check said no regulation has been finalised, stressing that MeitY is only holding routine stakeholder consultations on mobile security standards and that any framework, if proposed, will follow due process and industry engagement.
Through Sanchar Saathi app, the Centre aims to help mobile users protect themselves against fraud, phone theft, fake SIMs and unauthorised mobile-connections.
ED, which initiated the investigation in connection with illegal remittances made by the company in February, seized the amount from the company's bank account.