FinTech
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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