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Ola Electric’s Auditor Flags Inventory Control Lapses, Employee Fraud In FY25

Summary by Tezzbuzz
SUMMARY Ola Electric’s statutory auditors flagged ‘material weakness’ for in-physical verification of scooters at its stores and state distribution centres for one of its wholly-owned subsidiaries Its subsidiary Ola Electric Technologies Pvt Ltd also faced a “suspected fraud” in FY25, committed by its employees involving an amount of over INR 1 Cr, the auditor remarked in the company’s annual report The company faced public backlash over poor af…
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Corruption by Cops broke the news in on Friday, September 5, 2025.
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