See every side of every news story
Get Started
SubscribeLogin
Israel-Hamas Conflict
Marine Le Pen
Eid
Social Media
Natural Disasters
Artificial Intelligence
Baseball
Tariffs
Donald Trump
Soccer
Amazon
Taxes
Stock Markets
Published • loading... • Updated

MobiKwik Employee Fraud of Rs 1.26 Cr Under Probe

Summary by MediaNama
Fintech company MobiKwik suffered a fraud of Rs 1.26 crore due to an ex-employee’s misappropriation of funds from August 2023 to September 2024. In an exchange filing on March 27, 2025, the company disclosed that the Gurugram police are investigating the matter, and that the accused, Gaurav Sharma, is in custody. MobiKwik made the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. What…
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

4 Articles

All
Left
Center
Right
StartupTalkyStartupTalky

MobiKwik Reports Loss of INR 1.3Cr as a Result of Fraud

A former employee of the fintech business MobiKwik allegedly altered merchant details to cheat the company out of INR 1.26 Cr. The company said in an exchange filing that Gaurav Sharma, the former employee, diverted the money from its books between August 2023 and September 2024. The company's book of accounts has been adjusted to reflect the amount that was stolen. According to MobiKwik, the individual in question is presently being held after …

Read Full Article
HR KathaHR Katha

Mobikwik reports Rs 1.26 crore fraud by ex-employee, tightens security measures

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 cus…

Read Full Article
MediaNamaMediaNama

MobiKwik Employee Fraud of Rs 1.26 Cr Under Probe

Fintech company MobiKwik suffered a fraud of Rs 1.26 crore due to an ex-employee’s misappropriation of funds from August 2023 to September 2024. In an exchange filing on March 27, 2025, the company disclosed that the Gurugram police are investigating the matter, and that the accused, Gaurav Sharma, is in custody. MobiKwik made the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. What…

Read Full Article
Inc42 MediaInc42 Media

MobiKwik Loses INR 1.3 Cr Due To Fraud

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 that the ex-employee, Gaurav Sharma, siphoned off the amount from its books during August 2023 to September 2024 period. The misappropriated amount has been provisioned in the company’s book of accounts.  MobiKwik said it has filed a complaint in the matter with Gurugram poli…

Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • There is no tracked Bias information for the sources covering this story.
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Inc42 Media broke the news in on Thursday, March 27, 2025.
Sources are mostly out of (0)

Similar News Topics

Books

Books

Gurugram

Gurugram

You have read out of your 5 free daily articles.

Join us as a member to unlock exclusive access to diverse content.

News
For You
SearchBlindspotLocal