Flipkart Accused Of Cheating Bengaluru Businessman

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Flipkart Accused Of Cheating Bengaluru Businessman

In a shocking report by a well known newspaper Flipkart founders Sachin Bansal and Binny Bansal along with three top executives have been accused of cheating. The members of the e retail company are booked for failing to pay dues worth Rs. 9.96 crores to a Bengaluru based businessman.

The businessman Naveen Kumar owns C Store Company in Indiranagar. He claims Flipkart owes his the said amount for supplying 12,500 laptops for the Big Billion Day promotional sales events between June 2015 and June 2016.

Naveen Kumar lodged a complaint on the 21st of November naming Sachin Bansal, Binny Bansal, Accounts Managers Sumit Anand and Sharauque along with Sales Director Hari. The FIR has been filed at the Indiranagar Police Station. Naveen alleges he signed a contract with Flipkart to supply a total of 14,000 laptops. According to Naveen, some of the laptops were returned but the company still owed him Rs. 9.96 crores.

The newspaper quoted the FIR, “Flipkart returned 1,482 units but did not pay for the remaining units. TDS and shipping charges for those units too were not paid. When asked to clear the dues, Flipkart falsely claimed it had returned 3,901 units. By not clearing the dues, they have cheated me to the tune of Rs. 9,96,21,419.”

According to the news report, a case registered under IPC Sections 34 (common intent,) 406 (criminal breach of trust) and 420 (cheating.) The matter is under investigation by the Indiranagar police.