Macy's employee hid ₹1,000 crore in delivery costs, probe launched

US retail chain Macy's has delayed its latest financial reports after finding an employee hid more than $130 million (over ₹1,000 crore) in delivery expenses over roughly three years. The employee "intentionally made erroneous accounting accrual entries", Macy's said. It added that an investigation is ongoing and the employee is "no longer employed" at the firm.