Jaipur gets hits by its first scam

Jaipur gets hits by its first scam

What started off as a tiff for outstanding money between two partners is in fact unraveling as a scam of far larger proportions

Amrita Tejasvi

Tuesday, January 27, 2009

JAIPUR, INDIA: The Jaipur market is abuzz with what is unfolding in the market these days. Channel partners who till now considered the market safe are coming to terms with the fact that they might be witnessing the first scam unfold in the market.

Recently Adesh Sant of Creations filed an FIR against Pankaj Sharma and Mukesh Jain from Seatel Electronics and Surbhi Electronics respectively alleging that the two threatened and harassed him in his showroom at the night of Jan 13.

According to the FIR, which was registered at the Vaishali Nagar Police Station, a copy of which The DQ Week has, Sant has alleged that Sharma and Jain entered his showroom along with a group of eight to 10 people and threatened and misbehaved with his younger brother and wife.

Sant has further stated in the report that Sharma forced him to put his signature on a blank paper and took 13 cheques from his chequebook on gunpoint.

He has also mentioned in the FIR that Sharma forced him to make a statement on a paper and got it signed by him and his wife that says Creation has to pay a sum of Rs. 60 lakh to Seatel Electronics.

“He further took several important documents including the one that contains all the terms and conditions of the company as well as the original document that contained the registration of real estate property purchased by my wife,” Sant stated in the FIR.

Sant further alleged that Sharma took a sum of Rs. 11,000 from his wife’s purse and threatened with dire consequences if anybody dared to report the matter to police station.

According to the partners in Jaipur market, it is common knowledge that Sant owe Rs. 60 lakh to Sharma. “When the latter started asking for the money, he refused to pay and before Sharma could take any action, he filed an FIR in the station. This way, Sharma is gripped in a false case and his actions to collect the money has become weaker,” said one of the partners on the condition of anonymity.

Market sources also claim that Sharma is not the only one whose money Sant has not returned. There are in fact three or four more companies whose money is stuck with Sant and that his total outstanding in the market would be to a tune of Rs. 1 crore.

When The DQ Week contacted Sant he refused to comment since the matter is sub-judice. Sharma from Seatel also declined to comment anything on the issue.

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