A shocking incident has come to light in Swiggy.
According to this, a former junior employee here has been accused of a fraud of Rs 33 crore. The Bengaluru-based food delivery company has claimed this in its annual financial report 2023-24.
It is said that Swiggy has appointed an external team to investigate the matter. Legal action is also being taken against the former employee.
However, the company has not given any other details related to the matter. It is worth noting that Swiggy is about to launch an IPO. But even before that, the company has suffered a major setback.
The online food delivery company had released a report on September 4. According to Moneycontrol.com, in this report, it had told that a junior employee of its subsidiary company had committed a fraud of Rs 32.67 crore.
This junior employee who perpetrated this fraud in the last few years has now left the company. The company has done an audit till March 31, 2024.
During this period, it was found that around Rs 33 crores have been spent extra. This expenditure has nothing to do with the company’s other expenses. Not only this, no record of this is also available.
Let us tell you that Swiggy has submitted its draft paper for IPO. The company is preparing to raise a huge amount through IPO.
Under this, there is a plan to raise Rs 3,750 crore through fresh issue and Rs 6,664 crore through offer for sale.
Swiggy had generated a revenue of Rs 11,247 crore in the last financial year. The company’s loss has also fallen by 44 percent from last year to Rs 2,350 crore.
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