EY probes cashback fraud at Paytm Mall, to build tech-driven prevention system

E-commerce platform Paytm Mall has engaged consulting and audit major EY to investigate a cashback fraud involving some of its employees and merchants, according to sources.

Some employees of the Alibaba-backed company allegedly worked with third-party vendors and created fake orders to siphon off cashback offers.

According to sources close to the development, the investigation has been going on for almost a fortnight and some employees have also been fired.