MobiKwik Loses INR 1.3 Cr Due To Fraud

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SUMMARY

MobiKwik said that an ex-employee of the company defrauded the company of INR 1.26 Cr by altering merchant details

The company said that the ex-employee, Gaurav Sharma, siphoned off the amount from its books during August 2023 to September 2024 period

MobiKwik has implemented a slew of corrective measures to curtail such incidents in the future

Fintech company MobiKwik said that an ex-employee of the company defrauded the company of INR 1.26 Cr by altering merchant details. 

In an exchange filing, the company said…



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MobiKwik Loses INR 1.3 Cr Due To Fraud


SUMMARY

MobiKwik said that an ex-employee of the company defrauded the company of INR 1.26 Cr by altering merchant details

The company said that the ex-employee, Gaurav Sharma, siphoned off the amount from its books during August 2023 to September 2024 period

MobiKwik has implemented a slew of corrective measures to curtail such incidents in the future

Fintech company MobiKwik said that an ex-employee of the company defrauded the company of INR 1.26 Cr by altering merchant details. 

In an exchange filing, the company said…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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