Flipkart founders Sachin, Binny Bansal booked for cheating businessman

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Flipkart founders Sachin Bansal and Binny Bansal along with three other top executives of the e-retail company have been booked for allegedly cheating a Bengaluru-based businessman of Rs 9.96 crore, according to a new Times of India report. Naveen Kumar, who is owner of Indiranagar-based C-Store Company, has alleged that Flipkart owes him the said amount towards 12,500 laptops that he had supplied to them between June 2015 and June 2016 for their Big Billion Day promotional sales event.
Sachin Bansal, Binny Bansal, sales director Hari, accounts managers Sumit Anand and Sharauque have been allegedly named in the FIR registered by the Indiranagar police on the basis of a complaint lodged by Naveen dated November 21. As per Naveen, he had entered into a contract with Flipkart to supply laptops and other electronic goods, and had supplied 14,000 laptops to the company between June 2015 and June 2016. Some of the units were returned, but Flipkart still owed him Rs 9.96 crore, Naveen has alleged.
 
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," TOI has quoted a copy of the FIR as saying.
On the basis of the complaint, a case has been registered under IPC sections 34 (common intent), 406 (criminal breach of trust) and 420 (cheating), against Flipkart founders Sachin Bansal, Binny Bansal, sales director Hari, accounts managers Sumit Anand and Sharauque. The Indiranagar police is now investigating the matter.

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