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Flipkart Founders Sachin, Binny Bansal Booked For Alleged Cheating

The case pertains to non-payment of dues by Flipkart to C-Store Company for laptops it supplied.

Flipkart Ltd. signage is displayed outside the company’s headquarters in Bengaluru, India. (Photographer: Namas Bhojani/Bloomberg)
Flipkart Ltd. signage is displayed outside the company’s headquarters in Bengaluru, India. (Photographer: Namas Bhojani/Bloomberg)

An FIR has been lodged against e-commerce giant Flipkart’s founders and a few other company officials for allegedly “cheating” a businessman to the tune of Rs 9.96 crore, police said.

The case pertains to non-payment of dues by Flipkart to C-Store Company for laptops it supplied, officials at the Indiranagar police station at Bengaluru said.

FIR has been registered against Flipkart’s Sachin Bansal, Binny Bansal and a couple of company officials, based on the complaint by C-Store Company’s Naveen Kumar, police said.

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.

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 it's reaction, Flipkart said it did not wish to respond for now.