Partner embezzles ₹72L from trader | Ahmedabad News - Times of India

Source: The Times of India

Ahmedabad: City cybercrime police have registered a case of cheating and breach of trust against one Zisan Qadri, who allegedly made transactions of Rs 72 lakh without the knowledge of his business partner Sahil Hussain, a resident of Shah-e-Alam.

The complaint was registered on Thursday by Hussain against Qadri. He said he was involved in a cafe business near Shah-e-Alam Toll Naka.

In Feb this year, Qadri, resident of the same area, suggested that they start a credit card swipe machine business in partnership and proposed to open both current and savings accounts required for the purpose. Since Qadri couldn't open a bank account, he suggested that the account should be in Hussain's name.

Qadri visited his cafe with an IDFC bank agent named Sadaf. The current account was then opened in the name of Sky Lounge Cafe, which Hussain owned. Initially, Hussain was asked to deposit Rs 50,000. After the current account was opened, Qadri kept the current account kit, stating that he would use it for business purposes. One afternoon, Qadri came to the cafe and mentioned that OTPs for billing on the swipe machine would frequently be sent, so he suggested registering his mobile number with the bank instead of Hussain's. The duo went to the bank and registered Qadri's mobile number for the current account. Later, they took a loan of Rs 1 lakh. Qadri informed Hussain that the money would be given to him when he received Rs 2.5 lakh from one Azil.

After a few days, when Hussain checked the account, he found transactions amounting to Rs 72.01 lakh that he had not authorized and realized they were made by Qadri and his associates. On Thursday, Hussain registered a complaint against Qadri.