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
- 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
- DGGI HYDERABAD ARRESTS FINO PAYMENTS BANK MD RISHI GUPTA
- LAPSES BY FINO PAYMENTS BANK | DGGI HIGHLIGHTS DUE DILIGENCE FAILURES, SHELL ENTITY ONBOARDING AND ALLEGED RS. 3,000 CRORE TRANSACTION ROUTING
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