Pawan Khera, a prominent figure in the Congress party, was granted a one-week transit anticipatory bail by the Telangana High Court in response to a case filed against him in Assam. The allegations stem from a complaint involving Himanta Biswa Sarma’s wife, Riniki Sharma, which has added a layer of complexity to the situation.

Rahul Gandhi, a key leader of the Congress party, has publicly criticized Assam Chief Minister Himanta Biswa Sarma, labeling him as “the most corrupt CM in the country.” Gandhi’s remarks highlight the ongoing political rivalry and the use of legal avenues as tools for political maneuvering.

In his statements, Gandhi emphasized that the abuse of state power to target political opponents is not only unethical but also a violation of constitutional principles. He expressed solidarity with Khera, stating, “The present CM of Assam is the most corrupt in the country. He will not escape the law. His abuse of state power to harass his political opponents and critics is against the Constitution.”

Gandhi further called for greater transparency and accountability within governance, asserting that these principles are fundamental to the rule of law. He remarked, “The questions that are being raised have to be probed. Transparency, accountability of the law are the basis of our constitutional values.”

This legal battle is expected to unfold in the coming days as the Supreme Court prepares to hear the Assam government’s petition. Observers are keenly watching how this situation will evolve, particularly regarding the implications for political dynamics in Assam.

As the case progresses, it remains to be seen how the judiciary will navigate the complex interplay of politics and law in this instance. The outcome could have significant ramifications for both the Congress party and the ruling government in Assam.

Details remain unconfirmed regarding the specific arguments that the Assam government will present in the Supreme Court. However, the tension between the state and opposition parties is likely to intensify as this legal saga continues.

The post असम सरकार: Assam Government Faces Legal Challenge Over Pawan Khera’s Bail appeared first on crypto.

Rishi Gupta, the Managing Director and CEO of Fino Payments Bank, remains in judicial custody following the Telangana High Court’s dismissal of his bail plea. The court’s decision comes amidst serious allegations of tax evasion amounting to approximately ₹840 Crores.

Gupta’s arrest, which took place in late February 2026, is linked to accusations of masterminding transactions involving shell entities, with the Directorate General of GST Intelligence leading the investigation. The probe has revealed an organized syndicate allegedly routing funds tied to illegal online gaming platforms.

In his writ petition, Gupta sought to have his arrest declared “arbitrary, illegal, highhanded and violative of Articles 14, 19, 21 and 22 of the Constitution of India.” However, the court has upheld the legality of his detention, leaving Gupta’s legal team to explore further options.

In the wake of Gupta’s arrest, Fino Payments Bank has appointed Ketan Merchant as interim CEO for a maximum of four months. Despite the turmoil, the bank’s operations have reportedly remained stable and uninterrupted, with the institution continuing to engage constructively with regulators and stakeholders.

Fino Payments Bank, which received in-principle approval from the Reserve Bank of India to transition into a small finance bank in December 2025, has seen its shares decline nearly 28% since Gupta’s arrest. The stock price fell to a 52-week low of ₹135.2, closing at ₹139.50 after the news broke.

Merchant has publicly stated that the bank and Gupta have no involvement in the actions of the program managers implicated in the ongoing investigation. This statement aims to reassure stakeholders of the bank’s integrity amidst the unfolding legal challenges.

The investigation’s scope is extensive, with estimates suggesting that around ₹3000 Crores in transactions have been routed through shell entities, raising significant concerns about compliance and governance within the financial sector.

As the situation develops, observers are keenly watching for further legal maneuvers from Gupta’s defense team and any additional statements from Fino Payments Bank regarding its operational stability and regulatory compliance.

Details remain unconfirmed regarding the full extent of the allegations and their potential impact on Fino Payments Bank’s future operations.

The post Rishi Gupta’s Legal Troubles: A Deep Dive into the Fino Payments Bank CEO’s Arrest appeared first on crypto.