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SUMMARY
Scammers posed as customers and exploited a bug in Navi’s tech system to allegedly carry out the fraud
The bug allowed scammers to edit the payable amount via a TPAP, even after completing the payment process
Meanwhile, local law enforcement authorities have now sought more details of these financial transactions from the company and have initiated a probe in the matter
Sachin Bansal-led fintech unicorn Navi Technologies
was reportedly defrauded of INR 14.26 Cr last month.
As per The Hindu, Bengaluru’s…
