Telenor is investigating a fraud case in its microfinance bank in Pakistan the media of Norway reported it.
The company confirmed the news and said that the management had found the fraud through internal controls and He is working with law enforcement agencies Plus with the central bank to deal with the situation.
At their Bank the scam value is around Rs. 514 Million It was revealed by the Norwegian Papers Plus it also revealed that the frauds are among the bank Employees who accepted the loans without the exception of following procedures.
The paper also said that at least Ten Employees are involved & two loan agents are a part of the scam.
the loan agents were Engaged by the branch’s staff, who created 1,638 false loan applications, The Police Investigated.