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Mobikwik reports Rs 1.26 crore fraud by ex-employee, tightens security measures
- Mobikwik Systems reports a fraud of Rs 1.26 crore by an ex-employee.
- The former employee misused corporate funds by falsifying merchant data.
- Mobikwik tightens security measures including single sign-on system and restricted admin privileges.
- The incident comes at a challenging time for Mobikwik as its share value has declined by more than 40%.
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