Auditors Flag Second Suspected Employee Fraud At Ola Electric Arm

by · Inc42

SUMMARY

  • Ola Electric’s FY26 annual report disclosed a second suspected employee fraud at its wholly owned subsidiary, Ola Electric Technologies.
  • The fresh disclosure comes as auditors have again flagged weaknesses in inventory controls at the subsidiary, while Ola Electric undergoes a wider operational reset.
  • The subsidiary’s secretarial audit report records two suspected fraud offences involving more than ₹1 Cr, with reports filed with the Centre in July 2025 and June 2026.