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

Myntra, which has reportedly lost a massive Rs.50 crore nationwide due to a series of fraudulent refund claims.

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.

E-commerce scammers exploited return policy loopholes, defrauding Myntra of Rs. 1.1 crore in Bengaluru and Rs 50 crore in a nationwide loss. The fraud involved bulk orders, false claims of missing items,

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

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.

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

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

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.