ankushaa
TF Buzz
Apparently one could enter Emi /bill payment of desired value on Navi app while on payment page can Just pay 1rs by editing then Navi would Settle full value irrespective of 1rs paid...... And this loo hole was there for 14 Days in December and now Had got a vigilance complaint and reportedly 14 crore + was Looted....
www.thehindu.com
Any body was aware of this Loop hole or worst had looted Navi.... Although they can trace and retrieve easily as mostly Emi payments have full kyc and Tracing mechanism as Majority of high value should be on EMI payments.... Unless someone has closed the loan and got NOC (still can be traced) or some utility cashout..... Seems crazy since they took so long
Flipkart co-founder's startup cheated of ₹14.26 crore
City-based financial services company Navi Technologies Ltd., founded by Sachin Bansal after his exit from Flipkart, has alleged that miscreants posing as customers misused a bug and cheated the company of ₹14.26 crore in 14 days in December, 2024. The Whitefield Cyber Crime Police registered a...
Any body was aware of this Loop hole or worst had looted Navi.... Although they can trace and retrieve easily as mostly Emi payments have full kyc and Tracing mechanism as Majority of high value should be on EMI payments.... Unless someone has closed the loan and got NOC (still can be traced) or some utility cashout..... Seems crazy since they took so long
