Snapdeal files FIR against former GoJavas' promoters
Snapdeal's parent company, Jasper Infotech, has registered a First Information Report (FIR) with the Economic Offences Wing of the Delhi Police against former senior executives of Quickdel Logistics which owns e-commerce logistics company GoJavas.
The development comes at a time when Snapdeal is in acquisition talks with Flipkart which is conducting due diligence on Snapdeal before the potential acquisition.
What Snapdeal's allegations are
The FIR names both former executives and promoters of Quickdel Logistics.
The FIR is a criminal complaint against those named, accusing them of cheating, conspiracy, forgery, criminal breach of trust, and criminal misappropriation of funds.
Snapdeal said that it had filed a complaint in 2016 with the Delhi Police, and the FIR is a manifestation of that after investigations were carried out.
The people named in the FIR
The FIR named former Quickdel Logistics executive director Abhijeet Singh, and Quickdel promoters Praveen Sinha, Randhir Singh, and Ashish Chaudhary as the main accused.
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Snapdeal finds problem in Quickdel's accounts
Snapdeal's complaint was the result of an inspection of Quickdel's accounts during the period from January 2015 to March 2015.
The inspection was commissioned by Snapdeal which used to hold 49.99% shares of Quickdel subsidiary GoJavas.
The full report of the inspection was submitted in August 2016, and indicated illegal, inflated, and excess payments to non-existent people.