Online frauds have picked up pace recently, and another case of such fraud has come into the limelight. This time the classified advertisement company Quikr is involved in this massive corporate fraud where three of its employees stole crores from the company according to a report. In a complaint filed with the police, Quikr revealed that three of its employees, Rakesh Kumar (accounts manager), Rajat Goyal (area manager), and Natasha Sipani (zonal manager), had duped the company. The ‘stealers crew’ has been working with Quikr since 2017, 2018, and 2015 respectively.
Quikr’s official representative and owner of Ved consultant, Madhusudhan Vishwanaath, filed the complaint stating that they all listed hundreds of PG accommodations in Bengaluru and Delhi from June 2018 to December 2019 on Quikr. They got in touch with the PG owners and registered fake accommodations and documents. These documents were then used to show business transactions, and the advertising platform released the commission worth crores to the trio as well as the PG owners.
It was recently discovered that the listings were fraudulent, and Vishwanaath also mentioned in his complaint that the trio threatened him when he went for the inquiry. The Jayanagar police have booked the trio under five IPC sections – Section 506 for criminal intimidation, Section 406 for criminal breach of trust, Section 420 for cheating, Section 477A for falsification of accounts, and Section 120B for criminal conspiracy.
More frauds for the e-commerce world
Quikr is not the first online platform to go through this fraud as in May 2019, Paytm noticed that it lost INR 10 crores in a cashback fraud. In a more in-depth audit, they discovered that some small sellers were working with junior-level employees to get more cash back on their products.