Hyderabad: DGGI Arrests Fino Bank CEO Rishi Gupta

In a major development, the Directorate General of GST Intelligence (DGGI) has arrested Rishi Gupta, CEO of Fino Payments Bank, in connection with an alleged online gaming syndicate. Officials said the arrest followed an investigation that uncovered large-scale GST evasion linked to the operation of online gaming platforms.

Investigators identified transactions worth ₹13 crore routed through the syndicate, with a significant portion reportedly processed via Fino Bank. The agency alleged that the bank was involved in evading GST to the tune of ₹840 crore. A court has remanded Rishi Gupta to 14 days in judicial custody as the probe continues.