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The agency has arrested Worldline India EVP for allegedly facilitating transactions linked to the Falcon Invoice Discounting fraud.
The regulator said entities such as Infinite Beacon, IB Prop Desk and Sispay TFS raised funds while presenting themselves as being associated with the SEBI-registered broker.
The so-called alternative investment fund Hedonova is run by none other than Anurag Bhatia, who was jailed in India in 2020 for duping investors through Minance.
