Trigger for Review
Following the death of CEO Rohan Mehta, FIU initiated a routine examination of PaySpark Technologies' operating accounts as part of standard protocol in corporate death investigations.
Transactions Requiring Clarification
| Date | Amount (₹) | Beneficiary | Reference | Signatory |
|---|
| Feb 14 | 28,00,000 | ARS Consulting Pvt Ltd, Mauritius | SVCFEE-0214 | Vikram Shetty (CFO) |
| Apr 07 | 31,00,000 | ARS Consulting Pvt Ltd, Mauritius | SVCFEE-0407 | Vikram Shetty (CFO) |
| Jul 22 | 35,00,000 | ARS Consulting Pvt Ltd, Mauritius | SVCFEE-0722 | Vikram Shetty (CFO) |
| Sep 30 | 28,00,000 | ARS Consulting Pvt Ltd, Mauritius | SVCFEE-0930 | Vikram Shetty (CFO) |
Total Outflow to ARS Consulting
₹1,22,00,000 across four transactions. All payments authorised by Vikram Shetty, CFO.
ARS Consulting Pvt Ltd — Entity Details
| Field | Detail |
|---|
| Registered Jurisdiction | Mauritius (offshore) |
| Director(s) | PENDING MLAT REQUEST |
| Beneficial Owner | PENDING MLAT REQUEST |
| Contracts on file at PaySpark | None located at time of this report |
| Services delivered (documented) | None located at time of this report |
| Bank | SBM Bank (Mauritius) |
Status
FIU is unable to verify the commercial basis for these payments. Board minutes and internal approvals documentation has been requested from the Company Secretary. Response pending.