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Probe in Fino Bank hints at tax evasion linked to illegal gaming: Report
short by Vaishnavi Mishra / on Saturday, 28 February, 2026
Initial findings in GST probe linked to Fino Payments Bank indicate suspected tax evasion of several crores linked to banned online money gaming operations, Moneycontrol reported. "Probe indicates GST evasion…involving many shell and non-existent entities, payment aggregators…used to funnel…illicit funds," a source told Moneycontrol. The bank's CEO Rishi Gupta was earlier arrested under GST Act.
read more at Moneycontrol