Govt releases list of 9,500 'high-risk' finance companies
The Finance Ministry has released a list of nearly 9,500 Non-Banking Financial Companies (NBFCs) which have been categorised as 'High-Risk Financial Institutions'. These companies were found to be in violation of the Prevention of Money Laundering Act rules as on January 31. Adani Capital, Cello Capital, and DLF Finvest are some of the companies listed by the Financial Intelligence Unit.