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Fino Bank used shell cos, to evade GST

Financial Express Chandigarh

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March 01, 2026

IN THE POST, Pai had written: “How can a CEO of a regulated bank be arrested for an issue with a business partner?

Is this not overreach? @FinMinIndia has given vast powers for GST. What is the safeguard for citizens against misuse?”Pai further said there has to bea “fear-free atmosphere for business” and that regulatory overreach distorts the law.

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