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 Vendors accuse Home Shop 18 of fraud by usurping Rs 150-200 cr
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Vendors accuse Home Shop 18 of fraud by usurping Rs 150-200 cr

Agency News

New Delhi, Sep 27: Home Shop 18 Vendors Association on Friday accused the TV shopping marketplace of committing a fraud of Rs 150-200 crore.

The Association, which held a press conference here, claimed that Home Shop 18 has fraudulently usurped Rs 150-200 crore which was collected from consumers on behalf of the sellers acting as an intermediary.

"Dues have accrued since the time the company was a part of the Network18 group," the HomeShop18 Vendors Association said in a statement.

The association lamented that due to the fear of powerful people behind it, there was inaction by the police, administration, ministries and other government agencies.

"In spite of several attempts to lodge FIR against fraud, the police station at Noida bluntly refused to lodge an FIR and investigate the matter," it said.

It also presented a reply by Reserve Bank of India under whom this offence is punishable offence. (UNI)