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July 20, 2011

First case of business fraud registered Businessman had been duped of Rs 17.3 lakh through Internet


Chandigarh, July 20
The cyber crime cell of the Chandigarh Police today registered the first case of business fraud in the city through the Internet. The cell has booked six persons in a case of cheating under various sections of the IT Act following a legal opinion.

On the complaint of VK Malhotra, an Industrial Area-based businessman, the police booked UK resident David Afburn Cassabery, Belgium-based Charles William, Sanjeev Malhotra of Malhotra Enterprises, Mumbai, Surinder and Joseth. The accused allegedly took Rs 17.31 lakh from the complainant and supplied him duplicate quartz stones through a well-executed conspiracy. As per the case, VK Malhotra allegedly lost Rs 17.31 lakh to a fraud proposal received in response to his online advertisement for expansion of business in quartz stone used in watches.
Malhotra ended up paying the amount for purchase of four kilogram of quartz stone, which infact turned out to be another stone ‘galena’, which cost around Rs 4,000.
Inspector Neeraj Sarna, in charge, cyber crime cell, said the deal featured a London-based company, the owner of which offered the complainant a partnership to earn profit through the Internet. “He gave the complainant number of a dealer in Mumbai following which the matter was referred to a Belgium-based expert who was supposed to purchase the quartz and complete the deal. The deal went on fine till Malhotra paid the money and discovered that dealers in all the quarters were part of an international gang who duped him in a well-executed plan,” he said, adding that there were at least six accused in the case as per the complaint. 

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