## Fino Payments Bank CEO Rishi Gupta Granted Bail in GST Evasion Probe, Faces Travel Restrictions
The managing director of Fino Payments Bank, Rishi Gupta, has been granted bail by a Hyderabad court in a significant development within an ongoing GST-related investigation. The Special Judge for Trial of Economic Offences Cases allowed the bail on the execution of a personal bond of ₹10 lakh and two sureties of the same amount. This decision follows the Telangana High Court's dismissal of Gupta's writ petition for bail just two days prior, highlighting the legal pressure surrounding the case.

The court has imposed strict conditions on Gupta's release. He has been ordered to deposit his passport with authorities and must seek prior permission for any travel outside India. Furthermore, he is required to appear before the concerned investigative authorities on the first and third Monday of every month between 10 AM and 5 PM until further orders. These measures indicate the seriousness with which the court views the allegations of GST evasion linked to certain transactions at the payments bank.

The bail grant marks a pivotal moment in the probe but does not conclude the matter. It places Fino Payments Bank, a key entity in India's digital payments landscape, under continued scrutiny. The investigation's focus on alleged financial irregularities within a regulated payments institution signals potential regulatory and reputational risks for the company. The development underscores the heightened enforcement environment surrounding financial compliance and corporate governance in the banking sector.
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- **Source**: Inc42
- **Sector**: The Vault
- **Tags**: GST Evasion, Bail, Financial Investigation, Payments Bank, Hyderabad Court
- **Credibility**: unverified
- **Published**: 2026-03-26 13:27:17
- **ID**: 35497
- **URL**: https://whisperx.ai/en/intel/35497