17 Sep 2025 | 3 Mins Read
MobiKwik faces Rs 40 crore fraud probe
Flipitmoney
Around Rs 40 crore was allegedly siphoned off from Mobikwik through a system glitch on September 11-12. Nearly 5 lakh transactions bypassed balance checks, 2,500 bank accounts were identified, and Rs 8 crore was frozen. Six men were arrested, with accounts linked to them containing Rs 9 lakh, and an insider role is under investigation.