Fraud at Sambandh Finserve happening for past 8 years, E&Y says in draft report

The micro lending firm in question used to create fake borrowing accounts and showed false disbursements in its system, E&Y said in the preliminary status report of the forensic audit. This confirms the allegations made by the company’s chief financial officer and three other senior executives.

from Banking/Finance-Industry-Economic Times https://ift.tt/2TZH0UA