ADVERTISEMENTThe discrepancy was detected in the CHF account. It was a common practice to collate a number of QR codes under a common bank payment instruction slip. Mohit was assigned the duty to physically carry the QR codes and the payment instruction slips to the UBS. It is suspected that Mohit surreptitiously replaced some of the vendor QR codes with a self-generated QR code, which diverted the payments to his personal CHF account in UBS instead of the vendor's account. In the process, pre-printed acknowledgement slips attached to the QR codes were not disturbed.

Source: The Telegraph December 21, 2025 13:04 UTC