Remove credit/debit card bank details from paytm mall
Seems like major fraud has been going on at paytm mall per media reports and Ernst and Young is conducting a forensic audit.
I would caution all consumers to not leave their credit/debit card or banking details with this site/app given some of their employees are involved in the fraud being reported.
Per media reports. During the process audit, E&Y found lapses and alerted Paytm Mall about some employees’ involvement in a potential scam. While media hasn’t been able to gather details about the nature of irregularities or fraud, sources emphasised some employees connived with service providers and that resulted in a huge loss for the company.
For the uninitiated, a forensic audit is an examination and evaluation of a firm’s or individual’s financial information for use as evidence in court. A forensic audit can be conducted in order to prosecute a party for fraud, embezzlement or other financial claims
“About 100 employees have been grilled by the auditor. Employees’ email and chat are scanned to ascertain their involvement in any irregularities. Importantly, employees are asked to furnish consolidated bank statements to know whether they have received any kickbacks,” added above sources.
“Based on findings of the forensic audit, Paytm Mall has already fired about 20-25 employees,” outlined sources. more
I would caution all consumers to not leave their credit/debit card or banking details with this site/app given some of their employees are involved in the fraud being reported.
Per media reports. During the process audit, E&Y found lapses and alerted Paytm Mall about some employees’ involvement in a potential scam. While media hasn’t been able to gather details about the nature of irregularities or fraud, sources emphasised some employees connived with service providers and that resulted in a huge loss for the company.
For the uninitiated, a forensic audit is an examination and evaluation of a firm’s or individual’s financial information for use as evidence in court. A forensic audit can be conducted in order to prosecute a party for fraud, embezzlement or other financial claims
“About 100 employees have been grilled by the auditor. Employees’ email and chat are scanned to ascertain their involvement in any irregularities. Importantly, employees are asked to furnish consolidated bank statements to know whether they have received any kickbacks,” added above sources.
“Based on findings of the forensic audit, Paytm Mall has already fired about 20-25 employees,” outlined sources. more
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Most of them are part time workers and do not have any responsibility to maintain the integrity of DATA. Today hear and tomorrow somewhere else. more
Jun 28
Latto ke BHUT Baton se nahi Mante.Probaly in India laws are very lax and the legal system is very time consuming.Hence we are seeing wrong doings by culprits in all the areas of life.Our News Papers are full of such things. more
May 19
Mr. Hegde is absolutely correct. We should never have allowed Paytm into India it being Chinese controlled. more
May 12
It is the responsibility of the Govt to safeguard the interest of customer, lest people lose confidence the digital banking system. more
May 11
