MobiKwik hit by Rs 40 Cr fraud in Haryana; recovers Rs 14 Cr so far

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Digital financial services firm MobiKwik has reported a fraud incident involving some of its registered merchants and users from Haryana, who allegedly colluded to claim unauthorized settlements from the company.

The company disclosed in a stock exchange filing that the incident occurred between September 11–12, 2025, and an FIR has been lodged for Rs 40 crore. Of this, Rs 14 crore has already been recovered, leaving an estimated net exposure of Rs 26 crore.

MobiKwik clarified that none of its employees, key managerial personnel, or insiders were…



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MobiKwik hit by Rs 40 Cr fraud in Haryana; recovers Rs 14 Cr so far


Digital financial services firm MobiKwik has reported a fraud incident involving some of its registered merchants and users from Haryana, who allegedly colluded to claim unauthorized settlements from the company.

The company disclosed in a stock exchange filing that the incident occurred between September 11–12, 2025, and an FIR has been lodged for Rs 40 crore. Of this, Rs 14 crore has already been recovered, leaving an estimated net exposure of Rs 26 crore.

MobiKwik clarified that none of its employees, key managerial personnel, or insiders were…



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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