14 days, 37 transactions …: How Cred lost Rs 12 crore in fraud from two accounts in Axis Bank

Bengaluru police arrested four individuals, including an Axis Bank relationship manager, for defrauding Cred of Rs 12 crore. The group used fake documents and manipulated bank details to withdraw the funds. The scam was uncovered after detecting suspicious transactions in Dreamplug Paytech Solutions’ accounts.