Brief: Fino Payments Bank Receives Complaints From Client For Potential Fictitious Schemes By Some Employees

FINO Payments Bank

20/09/2023 16:17

Sept 20 (Reuters) - Fino Payments Bank Ltd  FINY.NS :
    * RECEIVED COMPLAINTS FROM ONE OF ITS CLIENT IN MUMBAI AND
SOME OF
ITS MERCHANTS
    * COMPLAINTS FOR NON-RECEIPT / REPAYMENT OF FUNDS INVESTED
IN
POTENTIAL FICTITIOUS SCHEMES ALLEGEDLY FLOATED BY SOME EMPLOYEES
OF BANK
    * HAD APPOINTED KPMG TO CONDUCT A DETAILED INDEPENDENT
INVESTIGATION OF INCIDENT
    * INVESTIGATION SO FAR PRIMA-FACIE INDICATES UNAUTHORIZED
ACTIONS
AND MISREPRESENTATION BY ALLEGED STAFFS
    * BANK IS OF VIEW THAT THERE IS NO LIABILITY/IMPACT ON IT

Source text for Eikon:  ID:nNSE8m9sY9 
Further company coverage:  FINY.NS 

 ((Reuters.Briefs@thomsonreuters.com;))