ED to investigate Fino Payments Bank for GST evasion
pre-market1 source ↓written by the desknot a recommendation
The Enforcement Directorate is set to probe Fino Payments Bank over alleged GST evasion linked to online gaming transactions. The investigation follows the arrest of CEO Rishi Gupta and hints at GST evasion of several crores. The Directorate General of GST Intelligence is currently examining suspicious fund flows.
This development may impact market sentiment for Fino Payments Bank as regulatory scrutiny intensifies.
Not investment advice. For informational purposes only.