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Podcast: Moneylife News Bites
Episode: Enforcement as Punishment: The Cost of Investigation Overreach
Description: The arrest of Fino Payments Bank MD & CEO Rishi Gupta in a GST case has triggered fresh concerns about enforcement overreach in India.Angel investor TV Mohandas Pai publicly questioned the action, tagging Finance Minister Nirmala Sitharaman, who responded that she would examine the issue. Yet the incident raises deeper questions: Are enforcement agencies increasingly using arrest as a tool even before establishing clear evidence?The controversy comes alongside a major Delhi court judgement discharging 23 accused in the widely publicised Delhi excise policy case, where the court criticised investigators for relying on conjecture...