Flipkart founders booked for cheating bizman of Rs 9.96 cr

Lloyd Doyle
November 28, 2017

Sachin Bansal and Binny Bansal, the founders of Indian e-commerce giant Flipkart, have been accused of cheating a Bengaluru-based businessman of Rs 9.96 crore. The complainant, Naveen Kumar of C-Store - an IT peripheral and electronic gadget retail vendor - has accused Flipkart of withholding the amount that was allegedly due to them for supplying laptops, computers and other gadgets.

Flipkart is exploring all available legal possibilities to safeguard its interests. "The FIR appears to be nothing but an endeavour to harass and pressurise the company to succumb to baseless demands".

The court was then acting on a private complaint filed by one Bengaluru-based events management company.


Naveen Kumar, in his complaint on November 21, said he had entered into a contract with Flipkart to supply laptops and other electronics goods, and had supplied 14,000 laptops within a year. Flipkart returned 1,480 units and did not pay for the rest. Flipkart strongly denies all the allegations and averments made in the FIR in entirety. It didn't pay the shipping charges either, the complaint stated. The case is regarding for not clearing Navin's due, according to leading daily. When asked to clear the dues, Flipkart falsely claimed it had retuened 3,901 units.

The founders of million dollar homegrown e-commerce major, along with sales director Hari, accounts managers Sumit Anand and Shararaque have been booked in the case.

The report also mentioned that the police had filed a case under IPC sections 34 (common intent), 406 (criminal breach of trust) and 420 (cheating), and a probe has been going in relation to the incident.

Other reports by Iphone Fresh

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