Stakeholders of the startup ecosystem came out in solidarity with Fino Payments Bank’s MD and CEO Rishi Gupta after he was arrested yesterday over allegations of tax evasion.
Former Infosys CFO and Aarin Capital cofounder Mohandas Pai took to X to question how the CEO of a regulated bank could be arrested for alleged GST evasion by a business partner.
Notably, Fino Payments Bank said in a statement yesterday that the GST issue forming the basis of the charges against Gupta was related to one of the bank’s business partners. However,…

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