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Flipkart Founders Sachin and Binny Bansal Booked For Cheating Businessman Of Rs 10 Crores

| Published on November 27, 2017

Founders of Indian e-commerce giant Flipkart are in big trouble as they have been booked for allegedly cheating a Banglore based businessman. The company didn’t pay for the 12,500 laptops that the businessman had supplied. The total price of these laptops is estimated to be around Rs 9.96 crores.

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Three other employees of Flipkart- the sales director Hari along with the accounts managers Sumit Anand and Sharauque have been named in the FIR registered by Naveen Kumar, the owner of an Indiranagar-based C-Store Company.

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“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,” the FIR against Flipkart founders read.

This case has been registered with under IPC sections 34 (common intent), 406 (criminal breach of trust) and 420 (cheating) and the investigation has been started by the Indiranagar police. Till now no response has been received from the Flipkart founders. And if this turns out to be true, Flipkart will have to face big consequences as such incidents often affect the company image a lot.

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