IVP Ltd: Sales Employee Fraud Update; ₹613 Lakhs Involved

IVP Ltd. has updated on the fraud committed by a sales employee, Mr. Ravi Ranjan Jha. An FIR was filed with the Byculla Police Station, and Mr. Jha has been taken into custody for further investigation. The actual amount involved is ₹613 lakhs, which is also the actual impact on the company's financials. The company has made the customer onboarding process more robust as a corrective measure.