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ED Registers Case Against Credit Payment App Firm for FDI Breach
Mint Bangalore
|July 24, 2025
ED's probe was based on the information that the firm received a substantial amount of FDI from the US
The Enforcement Directorate (ED) on Wednesday said it has registered a foreign exchange violation case against a Bengaluru-based company that offers credit payment service through a mobile app named SIMPL for alleged contravention of FDI rules to the tune of more than ₹913 crore.
This story is from the July 24, 2025 edition of Mint Bangalore.
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