Fino Payments Bank CEO Arrested: FM Sitharaman to 'check' GST evasion case
Published on: Feb. 28, 2026, 3:38 p.m. | Source: The Economic Times
Finance Minister Nirmala Sitharaman will investigate the arrest of Fino Payment Bank CEO Rishi Gupta. Gupta was apprehended by GST authorities in Hyderabad. The bank stated the probe concerns a business partner's transactions, not the bank's compliance. Social media questioned the extent of GST powers. The Finance Minister acknowledged the issue and promised to look into it.
