We have reached out to Telenor which confirmed that the incident has and will not, in any way, affect any of the deposit customers of the Bank. Furthermore, to get to the bottom of the scam and to prevent such incidents in the future, TMB has widened the scope of internal investigations to more of its branches in search of any more leakages that may be there.
Telenor Investigates Suspected Extensive Fraud in its Microfinance Bank
It was announced on Thursday that both Telenor employees and external parties were involved in the fraud in the Bank, owned by Telenor which is a major player in microfinance in Pakistan.
