Co-working space provider BricSpaces on ED radar In Chinese loan apps case

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Co-working space provider BricSpaces has reportedly come under the Enforcement Directorate’s (ED) scanner as multiple fraudulent companies that operated the loan-lending apps had its co-working office as their registered address.

According to a News18 report, Mudmate Technologies, Yellow Tune Technologies, and Finroot Fintech Pvt Ltd are three such companies under the ED’s scanner that used BricSpaces’ co-working office as their registered address. The company claimed that despite the expiration of their leases last year, these businesses continued to use its address fraudulently.

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Co-working space provider BricSpaces on ED radar In Chinese loan apps case

Co-working space provider BricSpaces has reportedly come under the Enforcement Directorate’s (ED) scanner as multiple fraudulent companies that operated the loan-lending apps had its co-working office as their registered address.

According to a News18 report, Mudmate Technologies, Yellow Tune Technologies, and Finroot Fintech Pvt Ltd are three such companies under the ED’s scanner that used BricSpaces’ co-working office as their registered address. The company claimed that despite the expiration of their leases last year, these businesses continued to use its address fraudulently.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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