Monday, November 27, 2017

Flipkart founders SACHIN, BINNY BANSAL booked for alleged CHEATING.

Flipkart founders SACHIN, BINNY BANSAL booked for alleged CHEATING.

The cheating case pertains to non-payment of Rs9.96 crore in dues by Flipkart to C-Store Company for laptops it supplied.

Bengaluru: A first investigation report (FIR) has been filed against Flipkart founders Sachin Bansal and Binny Bansal and a few other company officials for allegedly “cheating” a businessman of Rs9.96 crore, police said on Monday.
The cheating case pertains to non-payment of dues by Flipkart to C-Store Company for laptops it supplied, officials at Bengaluru’s Indiranagar police station said. They said an FIR has been registered against Flipkart’s Sachin Bansal, Binny Bansal (not related) and a couple of company officials, based on complaint by C-Store Company’s Naveen Kumar.
According to the complaint, C-Store had entered into a contract with Flipkart for supply of laptops along with other electronic goods for its sale, and had supplied about 14,000 laptops, police said. Flipkart, which returned about 1,480 units,did not pay for the remaining, the complainant said, adding that the other charges, including shipping had also not been paid. The complaint alleges that there has been cheating to the tune of Rs9.96 crore, police said.
A case has been booked under different sections of the Indian Penal Code, including cheating and criminal breach of trust, an official involved in the investigation said. When contacted for comment, Flipkart said it did not wish to respond at that time.

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