Flipkart’s Sachin, Binny Bansal booked for cheating businessman of Rs 10 crore

Founders of homegrown e-commerce company Flipkart have been booked for allegedly not paying dues to a businessman.

Photo of Sachin and Binny Bansal, Founders of Flipkart. Image Source: Company website

Key Highlights:

Flipkart founders have been accused with cheating a laptop supplier of Rs 9.96 crore.

Dues of nearly 12,500 laptops have not been cleared by the company.

Flipkart returned 1,482 units but did not pay for the remaining units.

E-commerce marketplace Flipkart’s founders Sachin Bansal and Binny Bansal have been booked for allegedly cheating a businessman of Rs 9.96 crore.

The Bansals along with three other employees have been accused of not clearing the dues Flipkart owed the businessman towards 12,500 laptops, a report by Times of India said on Monday.

"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.

The complaint was lodged by Naveen Kumar, owner of Indiranagar-based C-Store Company on November 21.

Sales director Hari, accounts managers Sumit Anand and Sharauque among other employees have been named in the FIR, the report added.

The companty denied all allegations made against its founders. Read the company's statement right here.

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