The fraudulent activities occurred between August 2023 and September 2024, and the financial discrepancies have been recorded in the company’s accounts
Mobikwik Systems has reported a fraud of Rs 1.26 crore, allegedly committed by a former employee. As per the company, Gaurav Sharma, an ex-employee, misused corporate funds by falsifying merchant data.
The fraudulent activities occurred between August 2023 and September 2024. The financial discrepancies have been recorded in the company’s accounts.
Mobikwik has filed a police complaint in Gurugram, and authorities have taken the accused into custody. In response to the fraud, the digital-payments company has introduced stricter security protocols. Measures include a single sign-on (SSO) system with mandatory VPN access, restricted admin privileges, and hourl(”) services, and other financial products.
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