#Availment

🚨 DGGI Hyderabad Arrests MD & CEO of Fino Payments Bank A GST Enforcement Case with Governance Implications As per multiple media reports, the Directorate General of GST Intelligence (DGGI), Hyderabad has arrested Rishi Gupta, MD & CEO of Fino Payments Bank, under provisions of the CGST Act. The action has reportedly been taken under Section 132(1)(a) and 132(1)(i) of the CGST Act, 2017. 1️⃣ What Are the Allegations? The arrest relates to alleged GST violations, including: • Issuance of invoices without actual supply (if established) • Wrongful availment or utilization of Input Tax Credit (ITC) • Transactions linked to certain business partner(s) Authorities believe the matter involves serious tax implications warranting arrest under cognizable offence provisions. 2️⃣ What the Bank Has Stated The bank has clarified: ✔️ The matter pertains to certain business partners ✔️ The bank is cooperating fully with authorities ✔️ Operations continue normally ✔️ The Board has appointed CFO as interim head for continuity 3️⃣ Legal Perspective – Section 132 of CGST Act Under Section 132: If tax evasion exceeds prescribed monetary thresholds, offences become: • Cognizable • Non-bailable (in certain cases) • Punishable with imprisonment DGGI has power to arrest if it believes a person has committed specified serious offences. This shows enforcement agencies are increasingly using arrest provisions in high-value GST cases. 4️⃣ Governance & Risk Management Questions For a regulated banking entity, this development raises important governance considerations: 🔎 Was there sufficient vendor due diligence? 🔎 Were GST risk exposures periodically reported to the Board? 🔎 Was there a red flag mechanism in place? 🔎 How robust was internal audit coverage of indirect taxes? Indirect tax is no longer a back-office compliance function — it is a strategic risk area. 5️⃣ Market & Reputation Impact 📉 Leadership-level legal action affects: • Investor sentiment • Corporate governance perception • Institutional trust 6️⃣ Key Lessons for CFOs & Compliance Professionals ✔️ Conduct periodic GST health checks ✔️ Strengthen vendor onboarding & KYC ✔️ Maintain documentation

IDFC ఫస్ట్ బ్యాంక్ చండీగఢ్ శాఖలో చోటుచేసుకున్న మోసం కేసులో కీలక పరిణామం చోటుచేసుకుంది. ప్రభుత్వానికి చెందిన 556 కోట్లు రికవరీ చేసినట్లు హరియాణా సీఎం నాయబ్ సింగ్ సైనీ వెల్లడించారు. 556 కోట్ల నిధులు, 22 కోట్ల వడ్డీ 24గంటల్లో వెనక్కి వచ్చినట్లు అసెంబ్లీలో ప్రకటించారు. చండీగఢ్ శాఖలోని మధ్య, చిన్నస్థాయి ఉద్యోగులు కలిసి ఈ మోసానికి పాల్పడినట్లు బ్యాంకు తెలిపిందని సైనీ చెప్పారు. ఈ మోసానికి పాల్పడింది ప్రైవేటు వ్యక్తి అయినా, ప్రభుత్వ ఉద్యోగి అయినా సహించేది లేదన్నారు. హరియాణా ప్రభుత్వానికి చెందిన బ్యాంకు ఖాతాల నుంచి 590కోట్లు మోసానికి గురైనట్లు బ్యాంక్ ఆదివారం వెల్లడించింది. ఈ వ్యవహారంలో దర్యాప్తునకు ఏసీబీని ఆదేశించినట్లు సీఎం తెలిపారు. ఆర్థిక శాఖ కార్యదర్శి నేతృత్వంలోని ఓ కమిటీ కూడా ఏర్పాటు చేశారు. #IDFCBankScam #HaryanaNews #BankFraud #BreakingNews #TeluguNews #EnglishNews #Chandigarh #NayabSinghSaini

BDCC Bank: 120 ಕೋಟಿ ಕೊಟ್ಟ ಸಾಲಕ್ಕೆ ಆಧಾರ 4ಎಕರೆ ವಾಣಿಜ್ಯ ಭೂಮಿ ಎಲ್ಲಿ ? 120 crore loan controversy ______________ Description: Serious questions are being raised over a ₹120 crore loan allegedly sanctioned based on 4 acres of commercial land. 🏦⚖️ Where is this land located? Does it legally justify such a massive loan amount? Who approved the valuation? These questions are now at the center of public and political debate. In this video, we cover: Details of the ₹120 crore loan The claim regarding 4 acres of commercial land Valuation and documentation concerns Possible legal and financial implications Reactions from officials and stakeholders Transparency and accountability in high-value financial transactions are crucial. Watch this detailed report to understand the facts, claims, and the unanswered questions surrounding the issue. 👉 Like | Share | Subscribe for more investigative reports and breaking updates. ______________ #120CroreLoan #LandControversy #BreakingNews #PoliticalDebate #Investigation #CommercialLand #FinancialIssue #NewsUpdate #Accountability #TrendingNews #h16news #hsrnews #kannadanewschannel

Excise Department Scam | NR Ramesh Allegation | ʻಒಂದು ಬೃಹತ್ ಅನಧಿಕೃತ ಕಟ್ಟಡದ ಕರ್ಮಕಾಂಡ #ExciseDepartmentScam #NRRameshAllegation #BWSSB #Bescom #Money #Corruption #BJPLeader #ScamAlert #FraudAwareness #CorruptionExposed #Injustice #LegalIssues #WatchOut #PublicAlert #GovernmentWatchdog #ScamInvestigation #Accountability #TruthSeeker #CorruptionSufthewave #BreakingNews #JusticeForAll #UndercoverInvestigations #CrackdownOnCorruption #ProtectYourselfAndFamily

Day-04:ಇತ್ತೀಚೆಗೆ IDFC First Bank ಸಂಬಂಧಿಸಿದಂತೆ ₹590 ಕೋಟಿ ವಂಚನೆ ಪ್ರಕರಣ ಬೆಳಕಿಗೆ ಬಂದಿದೆ. 😳 💸 ಸಾರ್ವಜನಿಕರ ಹಣದ ಸುರಕ್ಷತೆ ಪ್ರಶ್ನೆಯಲ್ಲಿದೆ ⚠️ ಇಂತಹ ವಂಚನೆಗಳು ಹೇಗೆ ನಡೆಯುತ್ತಿವೆ? 🧐 ಹೊಣೆಗಾರರು ಯಾರು? 👉 ಸಂಪೂರ್ಣ ಮಾಹಿತಿ ತಿಳಿಯಲು ರೀಲ್ ನೋಡಿ 👉 ನಿಮ್ಮ ಅಭಿಪ್ರಾಯವನ್ನು ಕಾಮೆಂಟ್ ಮಾಡಿ 👉 ಇಂತಹ ಸುದ್ದಿಗಳಿಗಾಗಿ ಫಾಲೋ ಮಾಡಿ #IDFCBank #590ಕೋಟಿವಂಚನೆ #BankFraud #KannadaNews #FinancialScam PublicMoney InstaReels

IDFCScam #IDFCFirstBank #BankScam #590CroreScam #BankFraud #FinancialFraud IndiaBanking BankingNews ScamAlert FraudAlert MoneyScam ChandigarhNews HaryanaNews BreakingNews IndiaNews TeluguNews TeluguBreaking CrimeNews StockMarketIndia ShareMarketCrash MarketNews PublicMoney ScamCase LatestNews TrendingNews DigitalFraud CyberCrimeIndia NewsReels InstaNews TeluguUpdates

*DGGI Hyderabad has arrested Fino Payments Bank MD and CEO Rishi Gupta in an alleged ₹3,000 crore GST evasion case linked to online betting apps. Investigators suspect routing of funds through multiple entities, with the broader network pegged at ₹13,000 crore. The bank says its GST compliance is not under investigation and operations remain unaffected.....*

IDFC ఫస్ట్ బ్యాంక్‌లో ₹590 కోట్ల స్కామ్ ! | IDFC First Bank | ⁨@EducationBRK⁩ #idfcfirstbank #590CroreFraud #bankscam #haryanagovernment #ChandigarhBranch #forensicaudit #marketcrash #financialfraud

The #gold theft scam at @HDFC Bank Ramnagar branch, Anantapur, AP is massive, with OVER 2 KGS of pledged allegedly stolen! Victims: 37 customers affected. Accused: Bank employee Satish Kumar, who allegedly swapped the gold and fraudulently pledged it at Keerthana Finance. Status: #Police have made arrests and the gold is now under court custody. #Victims are demanding urgent action and the return of their life savings. @RBI @FinMinIndia

IDFC First Bank ₹590+ Cr fraud case under investigation. Govt accounts issue at Chandigarh branch. #IDFCFirstBank #BankFraud #BreakingNews #StockMarketNews #IndiaNews Disclaimer: This post is for informational purposes only. Details are based on publicly available reports. Investigation is ongoing.

Banking Ombudsman Records Multiple Lapses in SBI’s Handling of SCSS Fixed Deposits A Banking Ombudsman inquiry found multiple procedural lapses by SBI in handling a senior citizen’s SCSS fixed deposits, including wrong tenure, premature closure, documentation gaps and incorrect TDS deduction. #sbi #statebankofindia #bankingombudsman #bank