ED arrests Kudos Finance CEO in Chinese-backed loan app probe
Kudos Finance and Investment Private Limited issued CEO arrest under PMLA investigation affecting Enforcement Directorate on December 17, 2021.
- Primary
- Kudos Finance and Investment Private Limited
- Counterparty
- Enforcement Directorate
- Structure
- CEO arrest under PMLA investigation
- Date
- December 17, 2021
- Sub-sector
- Lending
Indian regulator enforcement action against NBFC allegedly licensing to Chinese-backed fintech microlending apps, signaling regulatory crackdown on regulatory arbitrage in digital lending.
Source: economictimes.indiatimes.com