A significant fraud has occurred involving the e-commerce company Myntra. Scammers have defraudd the company of Rs 50 crore by placing fake orders. They exploited a loophole in the company's refund policy to carry out this fraud.

The company has faced financial losses due to fraudulent claims, with estimates indicating a nationwide loss exceeding Rs 50 crore.

A sophisticated scam exploiting Myntra's refund policies has led to losses of ₹50 crore across India, with Bengaluru alone accounting for ₹1.1 crore from over 5,500 fraudulent orders.

A refund scam targeting Myntra, costing millions, has been uncovered. Fraudsters exploited the company's return policy by placing bulk orders and then

Fraudsters targeted Myntra by placing bulk orders for luxury items like high-end clothing, shoes, branded handbags, wristwatches and jewelry.

Myntra Designs enforcement officer Sardar MS said that the fraud came to light during an audit. The Bengaluru Police said they suspect the involvement of a gang from Rajasthan.

A Jaipur-based gang exploited Myntra’s return policies to cheat the platform of ₹1.1 crore by placing bulk orders for branded merchandise and claiming false refunds.

Myntra recently approached Bengaluru police, reporting a loss of Rs 1.1 crore between March and June this year due to fraudulent refund claims.

Myntra has reportedly faced a massive loss of Rs 50 crore due to a well-coordinated scam involving fraudulent orders. While the company has officially lodged a complaint with the Bengaluru police for Rs 1.

These fraudulent refunds were deposited into various bank accounts, causing significant losses to the company.

Myntra faces a shocking Rs 1.1 crore loss in Bengaluru due to refund scams. Discover how fraudsters exploited e-commerce loopholes!