ED attaches assets worth Rs86.65 crore of fintech firms having Chinese links


Source: moneylife.in moneylife.in

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ED attaches assets worth Rs86.65 crore of fintech firms having Chinese links IANS 07 July 2022 0 Economy & Nation The Enforcement Directorate (ED) said on Wednesday that it has provisionally attached Rs 86.65 crore lying in various bank accounts and payment gateway accounts pertaining to NBFCs, namely Kudos Finance and Investments Private Limited, Acemoney (India) Limited, Rhino Finance Private Limited and Pioneer Financial and Management Services Private Limited, and multiple fintech companies associated with the said NBFCs under the Prevention of Money Laundering Act (PMLA). The total attachment in this case till date amounts to Rs 158.97 crore. The...