Fino Payments Bank MD&CEO arrested, Know Why

Fino Payments Bank Ltd on Friday (February 27) said its Managing Director and CEO, Rishi Gupta, has been arrested under the CGST Act, 2017 and the SGST Act, 2017.

The bank said the investigation relates to business partners of the bank and not to its GST compliance. It stated that none of the bank’s officials is involved and that officials are cooperating with the investigation.

A special board meeting was convened today, during which it appointed Ketan Merchant, Chief Financial Officer, as Head of the Organisation to oversee the bank’s day-to-day operations in the absence of Rishi Gupta, until otherwise decided by the board or until he resumes office, whichever is earlier.

0 Comments

*Enter your name

*Email not valid.

*2 characters minimum.

Do not change these fields following