Shell shocked: Fino Bank CEO held as DGGI unravels Rs 3,000-cr betting racket

Shell shocked: Fino Bank CEO held as DGGI unravels Rs 3,000-cr betting racket

Hyderabad: The Directorate General of GST Intelligence (DGGI) on Monday, March 9, arrested Rishi Gupta, the chief executive officer (CEO) of Fino Payments Bank, in connection with an online betting fraud case, alleging that he facilitated the onboarding of fictitious programme managers and helped operate a network of 36 shell companies to route illegal transactions. Gupta was produced before a local court, where the DGGI placed its findings on r…