FIR against Snapdeal for selling prescription drugs online in Maharashtra its Paytm co director done

After an FIR against Snapdeal for selling prescription drugs online, a case has now been filed against mobile wallet service provider Paytm directors (Vijay Shekhar sharma and Harinder Pal) for fraud transactions amounting to Rs 22 lakh under sections of Forgery and IT Act.




According to a report in The Times of India, Madhya Pradesh Police have booked the directors of Paytm in a case of alleged forgery where in fraudsters used Paytm as the gateway for monetary transactions.



The fraudsters used to call people posing as bank managers and offered easy loans. They would acquire details of ATM cards and used Paytm to recharge mobile phones and DTH. "During conversations, the accused claimed that there is a problem with the ATM card of the customers and asked for the ATM and pin numbers on the pretext of changing the ATM card and pin number.




As soon as the ATM card and pin numbers are given, the customer gets an alert on his mobile about the amount debited from his account. After getting ATM number the gang used mobile wallets such as Paytm as gateway to transfer money from the customer to their SIM card and used it for recharge, DTH and online shopping," Thetradeboss report said, quoting police officers.While Paytm will be aware of the accounts to which these fraud transactions were made, it is simply not possible for them to know that the transactions were carried out using stolen card details.




As a Media Nama report points out, "even in case one or more merchants on Paytms platform were involved in this fraud, the platform itself isnt liable as per Indian law, if it didnt knowingly abet the fraud.



In India, Section 79 of the IT Act proffers safe harbor to intermediaries (marketplaces, aggregators and platforms), as long as they act on complaints and do not knowingly allow the usage of their platform to break the law.Cases have also been registered against directors of Xenon Value Services India Private Limited, Vtech ventures, designing hub and apkacareer.com.

 

Share this:
Tags:

About Jessica Priston

Ut tellus dolor, dapibus eget, elementum vel, cursus eleifend, elit. Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Integer rutrum ante eu lacus. Vestibulum libero nisl, porta vel, scelerisque eget, malesuada at, neque. Vivamus eget nibh. Etiam cursus leo vel metus. Nulla facilisi. Aenean nec eros.

  • Website
  • Google+
  • Rss
  • Pinterest
  • Instagram
  • LinkedIn
  • Vimeo
  • Youtube
  • Flickr
  • Email

Related News

  • Cashback site Cashkaro now offers restaurant discounts

    India’s e-commerce market looks large and lucrative enough from the outside, but insiders know it is very challenging. In fact, the number of e-commerce sites and businesses is growing so fast here today that the competition is cut-throat. This

  • What is Viscose Material? Advantage and disadvantage of viscose.

    Viscose is a unique form of wood cellulose acetate used in the nnmanufacture of a number of different products. This includes items for nnthe medical industry, though it is perhaps most common as a major nningredient in the production of the fabric r

  • Honda launches new CBR 250R bike
    Honda launches new CBR 250R bike
    July 01, 2014 5:50 am

    New Delhi: Honda Motorcycle & Scooter India (HMSI) launched a new edition of its global sports performance bike CBR 250R priced between Rs 1.56 lakh and Rs 1.86 lakh (ex-showroom Delhi). The 2013 edition CBR 250R is available for sale across a

  • Zara has opened store at Ambience mall, Gurgaon

    Zara, has opened its new store at Ambience mall, Gurgaon. Spread over 28,000 sq.ft. across two floors the store has taken the space earlier occupied by Debenhams. With this Zara now has twelve stores in India. It is present in 86 countries with