ED arrests NBFC CEO in money laundering case
New Delhi, December 18 The Enforcement Directorate (ED) today said it has arrested the Chief Executive Officer (CEO) of a non-banking financial company (NBFC) under the Prevention of Money Laundering Act (PMLA) as part of its probe against fintech firms...
Updated At : 10:44 AM Dec 19, 2021 IST
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New Delhi, December 18
The Enforcement Directorate (ED) today said it has arrested the Chief Executive Officer (CEO) of a non-banking financial company (NBFC) under the Prevention of Money Laundering Act (PMLA) as part of its probe against fintech firms “backed” by Chinese funds.
Officials in the ED said Pavitra Pradip Walvekar, promoter-director and CEO of Kudos Finance and Investment Private Limited, an NBFC, was taken into custody on Friday. — TNS
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