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Flipkart founders booked for cheating Bengaluru businessman of Rs 10 cr

A first information report (FIR) was filed with the Indiranagar police

Sachin Bansal (left) and Binny Bansal
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Sachin Bansal (left) and Binny Bansal

Raghu Krishnan Bengaluru
The Bengaluru police is investigating a case of cheating against Flipkart co-founders Sachin Bansal and Binny Bansal, along with three other employees after a city-based businessman accused them of withholding payment amounting to Rs 9.96 crore.

Naveen Kumar, owner of a computer shop C-Store in Indiranagar, alleged he had supplied 14,000 laptops to Flipkart, of which, about 12,500 were sold. However, the payment for the remaining laptops was not made.

On contacting Flipkart, he alleged the company’s response stated it had returned 4,000 laptops. The resultant loss to his business amounts to Rs 9.96 crore, Kumar stated in his complaint.