Fino Payments Bank CEO Rishi Gupta Gets Bail

Special Judge for Trial of Economic Offences Cases Hyderabad has granted bail to Fino Payments Bank’s managing director Rishi Gupta in connection with an ongoing GST-related investigation.

As per an order from EO EC PC Courts, Hyderabad – CBI, Gupta’s bail was allowed on execution of personal bond of ₹10 Lakh along with two sureties of the same amount.

The court has also imposed certain conditions. Gupta has been asked to deposit his passport and seek prior permission before travelling outside India. In addition, he must appear before the concerned authorities on the first and third Monday of every month between 10 AM and 5 PM until further orders.

Inc42 has reached out to the company for a comment on the latest development. The story would be updated based on their response.

This comes amid an ongoing investigation into alleged GST evasion linked to certain transactions. Notably, two days back, Telangana HC dismissed Gupta’s writ petition for bail. 

(The story will be updated soon)

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