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Mahindra finance: Mahindra Finance to delay Q4 results due to detected retail vehicle loan financial fraud

Mahindra Finance Q4 results: A financial fraud has been detected at the North East branch of Mahindra & Mahindra Financial Services during the end of the fourth quarter of the financial year ended March 31, 2024, the company informed the exchange in its filing on Monday.

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M&M Finance slides 7% as company delays earnings meet on account of Rs 150 cr fraud detected

M&M Finance slides 7% as company delays earnings meet on account of Rs 150 cr fraud detected
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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DGS issue advisory to ensure safety of Indian seafarers operating near Iran, Israel

DGS issue advisory to ensure safety of Indian seafarers operating near Iran, Israel
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Mahindra Finance: Mahindra Finance detects about Rs 150 cr fraud in retail vehicle loan portfolio

Mahindra Finance reported a fraud of approximately Rs 150 crore in its retail vehicle loan portfolio at one of its branches in the northeast. The fraud involved forgery of KYC documents and embezzlement of company funds. As a result, the company has deferred its board meeting to approve the financial results for the March quarter and 2023-24. Investigations are ongoing, and corrective actions are being implemented, including the arrest of some individuals involved.

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Mahindra Finance detects about Rs 150 crore fraud in loan portfolio, defers financial results

In a regulatory filing, the company said a new date for the board meeting for approval of results will be announced later.

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