New Delhi, Feb. 28 -- The Directorate General of Goods and Services Tax Intelligence (DGGI) is investigating a case of online money gaming which is banned in India in connection with the arrest of a Fino Payments Bank top official.
The case involved shell and non-existent entities and payment aggregators which were allegedly used to funnel illicit proceeds generated from online money gaming, highly placed sources said on Saturday.
Tax authorities had yesterday arrested the managing director and chief executive officer of Fino Payments Bank in connection with this probe.
Preliminary investigations have revealed the involvement of a senior bank functionary in facilitating the alleged fraud, following which the official was taken into custo...