Swiggy Discloses Rs 33 Crore Fraud By Former Junior Employee

As per reports, the Zomato rival initiated a probe with an external team and has filed a legal complaint against the individual whose name was withheld in its annual report for the financial year 2023-24.

IPO-bound food delivery platform Swiggy has disclosed that a former junior employee allegedly embezzled more than Rs 33 crore over a period of time from one of its subsidiaries.

As per reports, the Zomato rival initiated a probe with an external team and has filed a legal complaint against the individual whose name was withheld in its annual report for the financial year 2023-24.

"The Group, during the current year, identified embezzlement of funds in one of the subsidiaries by a former junior employee amounting to INR 326.76 Mn over the past periods.," the annual report mentioned.