The Indian Enforcement Directorate (ED) says more than 1,000 Truist Bank debit cards were allegedly distributed in India in the name "Santosh Kumar” and alleges this change was made to conceal the identities of the actual users and avoid drawing attention from law enforcement.
How is this possible from an internal controls PoV? Does that mean we have special accounts that can have multiple cards issued and the previous cards not automatically cancelled?
@h6 it means that corporations are all the same. They are all in bed with people who run the world.
This sort of thing can’t be done by an ordinary employee.
What does this all mean to Truist GCC? 😉🤔
@OP “ How is this possible from an internal controls PoV?”
You are looking at it wrong. Don’t assume this was a personal checking account where new cards would invalidate older cards after one month.
This was most likely set up as a corporate account where each employee gets a card.
Using a single name does make bookkeeping easier because you filter on that name and excel gives you the total spend. If you have 1000 names you have 5 minutes more work to do.
So someone took the easy route and caused the Indian government to roll up their operation.
I think I spoke to Santosh Kumar on the phone once. He's in IT, right? Pretty sure that's him. He called me and told me there was an issue with my work laptop, and he could fix it if I gave him my password. And, being a very smart and very tech-savvy Truist employee, I naturally did not hesitate to do so!
The internal control folks here have very low IQ, if you've ever spoken to TAS they sound like the average NASCAR or Crimson Tide fan
@bg
So it looks like charges are true and someone or group is transferring money illegally and now screaming persecution that they are caught.
The question from the OP is how this is possible when we have internal controls in place.
https://www.newindianexpress.com/india/2026/Jul/03/ed-seeks-cbi-for-case-against-us-based-christian-missionary-over-use-of-foreign-debit-cards-in-naxal-belt
sighs in TAS
This is screaming intentional in my lame azz opinion so no controls will catch it. What do we know anyway.