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HomeColumnsAfter JurisHour Report, Fino Payments Bank Shares Crash 19% 

After JurisHour Report, Fino Payments Bank Shares Crash 19% 

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By Mariya Paliwala
After JurisHour Report, Fino Payments Bank Shares Crash 19%

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Shares of Fino Payments Bank plunged over 19% on Monday, hitting a fresh record low, following a report by JurisHour highlighting potential money laundering concerns linked to certain online gaming transactions associated with the bank.

As per the JurisHour’s Report the Hyderabad Directorate General of Goods and Services Tax Intelligence (DGGI) may recommend an investigation by the Enforcement Directorate (ED).

Read Coverages In Fino Payments Bank Here 

  1. DGGI MAY RECOMMEND ED PROBE IN RS. 10,000 CR ONLINE GAMING TRANSACTIONS LINKED TO FINO PAYMENTS BANK; TELANGANA HC RESERVES ORDER ON CEO’S ARREST
  2. DGGI HYDERABAD ARRESTS FINO PAYMENTS BANK MD RISHI GUPTA
  3. LAPSES BY FINO PAYMENTS BANK | DGGI HIGHLIGHTS DUE DILIGENCE FAILURES, SHELL ENTITY ONBOARDING AND ALLEGED RS. 3,000 CRORE TRANSACTION ROUTING

Read More: ICAI Releases Compilation of Key GST Rulings

Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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