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ED files ₹914-cr complaint against fintech Simpl for FDI violation
Financial Express Lucknow
|July 25, 2025
THE ENFORCEMENT DIRECTORATE (ED) has filed a complaint against Bengaluru-based fintech One Sigma Technologies, which operates the buy-now-pay-later (BNPL) platform Simpl, for allegedly violating foreign exchange regulations to the tune of ₹913.75 crore.
The ED's Bengaluru zonal office filed the complaint under section 16(3) of the Foreign Exchange Management Act (FEMA), 1999, against the company and its director Nithya Nand Sharma.
This story is from the July 25, 2025 edition of Financial Express Lucknow.
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