Fintech companies, NBFCs funded by Chinese money generated Rs 950-cr slush funds in India: ED

The Enforcement Directorate (ED), therefore, recently attached Rs 86.65 crore worth funds lying in a total of 155 bank and payment gateway accounts of NBFCs like Kudos Finance and Investments Private Limited, Acemoney (India) Limited, Rhino Finance Private Limited and Pioneer Financial and Management Services Private Limited and their linked fintech companies.

from Banking/Finance-Industry-Economic Times https://ift.tt/Uzw9rIH