Chief Executive Officer of online retail company caught in cheating scandal
New Delhi: A CEO of an online shopping company was arrested in connection with cheating cases, police said on Wednesday. The accused was identified as Vivek Gaur. He was arrested in Gurgaon, Sector 54...
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In New Delhi, police announced the arrest of a CEO from an online shopping company in connection with cheating cases. The accused, identified as Vivek Gaur, was apprehended in Sector 54 of Gurgaon. According to authorities, the company secured investments from small businesses and investors in India and overseas. Operating in the Delhi-NCR region, the company procured raw materials from local small businesses and issued cheques in exchange. Subsequently, it declared insolvency and ceased operations, prompting five complaints against Gaur. The police revealed that in 2011, Gaur and a partner established an online shopping venture in Gurgaon focused on retailing garments and accessories, with Gaur serving as the CEO and his friend as the COO.