Op risk data: For Yes Bank, no mercy over insider fraud
Also: Cracking Brazil’s Pix hacks, Macquarie fund fumble, and taxing time for Crédit Agricole. Data by ORX News
In September, India’s Central Bureau of Investigation quantified an insider fraud loss for the country’s Yes Bank at INR27.97 billion ($317.4 million), the month’s largest operational loss. In 2017, the bank’s founder and then-chief executive Rana Kapoor allegedly made fraudulent loans to companies in the Anil Dhirubhai Ambani Group. The CBI found Yes Bank had invested around INR50 billion in non
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