MobiKwik Loses INR 1.3 Cr Due To Fraud

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…