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BoM hit by biggest financial fraud due to UPI bug

BoM hit by biggest financial fraud due to UPI bug

Thursday, March 30, 2017, 9:10 PM

In what is possibly the biggest financial frauds in recent years, NPCI today said Rs 25 crore has been moved out of Bank of Maharashtra (BoM) accounts due to a bug in its UPI application. All the corrective steps have been initiated and the process of recovering the money from 19 banks where it was transferred to is on, it said.
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