MobiKwik Loses INR 40 Cr In Fraud, Says INR 14 Cr Recovered

Share via:


SUMMARY

MobiKwik was defrauded of INR 40 Cr by some registered merchants and users between September 11 and 12

The company said that some merchants and users, in collusion with each other from limited locations of Haryana, claimed unauthorised settlement from the company

The Delhi NCR-based company also added that legal enforcement agencies have taken proactive steps to put debit-freeze and lien mark all the bank accounts where the unauthorised settlements were credited

Listed fintech company MobiKwik was defrauded of INR 40…



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.

Popular

More Like this

MobiKwik Loses INR 40 Cr In Fraud, Says INR 14 Cr Recovered


SUMMARY

MobiKwik was defrauded of INR 40 Cr by some registered merchants and users between September 11 and 12

The company said that some merchants and users, in collusion with each other from limited locations of Haryana, claimed unauthorised settlement from the company

The Delhi NCR-based company also added that legal enforcement agencies have taken proactive steps to put debit-freeze and lien mark all the bank accounts where the unauthorised settlements were credited

Listed fintech company MobiKwik was defrauded of INR 40…



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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Will Tuitions Be Replaced in 2026? EDZA AI Launches...

Mumbai (Maharashtra) , January 12: By 2026, India’s...

Morocco targets $10 billion AI contribution to GDP by...

Morocco is targeting a 100 ‍billion dirhams ($10...

Meta to build gigawatt-scale computing capacity under Meta Compute...

Synopsis​Meta will ⁠establish Meta ‌Compute ‌to ‌construct tens...

Popular

iptv iptv iptv