Enforcement Directorate arrests NBFC CEO in probe against Chinese-backed loan apps

e was later produced before a special Prevention of Money Laundering Act (PMLA) court in Hyderabad that sent him to 15 days' judicial custody, the agency said in a statement. The action is linked to the ED's investigation against a number of Indian NBFCs which are in the business of instant personal loans through mobile apps (applications).

from Gadgets Now https://ift.tt/32h1Aay
via IFTTT