Sequoia Capital addresses fraud allegations against portfolio startups At a time when three of its portfolio startups (Trell, BharatPe, and recently Zilingo) are mired in embezzlement accusations, VC firm Sequoia Capital India has responded by vowing to take proactive steps to do more to drive increased compliance, TechCrunch reported. It outlined a few of these steps as holding "governance trainings for founders and senior management, implementation of whistleblower policies, more independent board representation, asking for more disclosures and more rigorous adoption of internal audits and controls." ED ramps up probe into Pune bitcoin fraud case As part of its investigation of a ₹6 crore bitcoin fraud case, Enforcement Directorate (ED) officials sought information from the office of Pune’s Commissioner of Police (CP). Interestingly, the case involves two cyber experts who were roped in by the city police to assist in another probe of a ₹2,000 crore cryptocurrency scam. But the experts tasked with recovering the stolen crypto allegedly turned around and pocketed 1,137 bitcoins for themselves, according to a Hindustan Times report. Bengaluru cops to keep an eye out for speeding delivery workers Traffic police in Bengaluru will not ignore road violations by delivery workers who are racing to hand over packages in ten minutes or less. "We will soon start issuing them notices," traffic police chief BR Ravikanthe Gowda was quoted as saying by Deccan Herald. This comes at a time when quick commerce startups are promising customers shorter and shorter timelines for delivery, in turn, triggering a debate on the protections…
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