Complaint against Flipkart founders for cheating supplier of Rs. 10cr
What's the story
The Bansals of Flipkart fame are in trouble, along with three of its employees. A businessman has filed a complaint against these five people alleging they had cheated him to the tune of Rs. 10cr. The money was pending against 12,500 laptops he had supplied to the e-commerce platform, according to the complaint. This comes even as Flipkart engages with BookMyShow for minority stake.
Details
Flipkart reportedly didn't pay for 12,500 laptops
In his complaint, the businessman has alleged he had supplied 14,000 laptops to Flipkart between June'15-June'16. "Flipkart returned 1,482 units but didn't 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." The overall dues reportedly went up to Rs. 9.96cr.
Information
Who all are named in the complaint?
The complaint has mentioned Flipkart founders Sachin and Binny Bansal, sales director Hari, and account managers Sumit Anand and Sharauque. Police have filed a case under IPC sections 34 (common intent), 406 (criminal breach of trust) and 420 (cheating).
Business
Meanwhile, Flipkart in talks with BookMyShow for stake
Just two weeks ago, Flipkart had launched the Billion Capture+, the first smartphone manufactured by the platform. It is currently in talks with BookMyShow for minority stake. The deal is expected to help Flipkart's payment service PhonePe. BookMyShow is likely to be valued at $500-700mn if the deal goes through. Network 18, owned by Reliance Industries, is the single largest shareholder in BookMyShow.