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Hyd firm returns money to Russian embassy after cops step in

Press Trust of India  |  Hyderabad 

A city-based company, which allegedly failed to deliver certain equipment to the Russian embassy in as per a commitment, returned the money it had taken following investigation into the matter, police said here today.

The Rachakonda Police Commissionerate here said in a release that a complaint was received from an of the embassy in September last year.

The complaint stated that the embassy had approached the Hyderabad-based company in 2016 for purchase of certain electronic equipment at the embassy premises, including

Upon confirmation of availability of the said equipment with that company, the Embassy paid the entire amount of US Dollars 42,500 through bank transfer, the release said.

However, despite repeated requests through phone, and e-mails, the firm neither delivered the said equipment nor refunded the amount to the Embassy, it said.

A case was registered and the matter was investigated, it said.

Under the supervision of of Police, Rachakonda, and due to efforts by several police officials, "the company authorities had remitted the entire amounts to the Embassy on installment basis through bank transfer," the release said.

The good work done by the investigating officers was appreciated by the officials too, it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 22:00 IST
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