Name: Latest research reports of Mahindra & Mahindra Financial Services Ltd. authored by Emkay and published by - Trendlyne research reports.
Item: Mahindra & Mahindra Financial Services Ltd.
Rating: 1
Author: Emkay

Sizable fraud detected in branch in the Northeast

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Emkay

On 22-Apr-2024, MMFS informed the exchanges that it has detected a fraud in
one of its branches in the Northeast that involved forged KYC documents for
retail vehicle loan disbursements, thus leading to embezzlement of Company’s
funds