shot-button
Subscription Subscription
Home > News > India News > Article > US based mask maker cheats Bengaluru firm of Rs 123 crore

US-based mask maker 'cheats' Bengaluru firm of Rs 1.23 crore

Updated on: 21 September,2020 04:29 PM IST  |  Mumbai
IANS |

To cash-in on the huge demand for face masks in the pandemic times, the company placed an order online with Mediapharma to deliver four lakh of them

US-based mask maker 'cheats' Bengaluru firm of Rs 1.23 crore

This picture has been used for representational purpose only

A garment firm in the city filed a complaint with the cyber crime wing of the Karnataka Crime Investigation Department (CID) against a US-based firm for allegedly cheating it of Rs 1.23 crore by failing to deliver N95 masks it ordered in July, police said on Monday.


"On a complaint from Nakshatra Creations executive T. Manjunath on Saturday, we have filed an FIR (first information report) against the US-based Mediapharma for collecting Rs 1.23 crore as advance for delivering the masks, but did not yet," CID Superintendent of Police M. D.Sharat told IANS here.


To cash-in on the huge demand for face masks in the pandemic times, the company placed an order online with Mediapharma to deliver four lakh of them and paid $1,65,000 (Rs 1.23 crore) on July 23 through net banking as 25 per cent advance for delivering them in installments.


"As the investigation is underway, we cannot disclose more details to ensure due process of the law and not hamper the case," said Sharat.

According to Manjunath, the cyber wing has mailed the FIR to Mediapharma chief executive George Huang, its sales manager John Wung and their agent Ryan Philip Nguse and its counterparts in the US and Hong Kong where it has a subsidiary for shipping the masks to firms placing orders.

"We placed an order for four lakh masks after the company agreed to sell them for Rs 4.95 crore ($660,000) at $1.65 per piece. I transferred 25 per cent of the amount (Rs 1.23 crore/$165,000) as advance to a bank account given by the company," Manjunath told IANS here.

Admitting that due diligence was not done before placing the order and remitting the advanced amount, Manjunath said his company was in hurry to import the masks at the earliest to meet the growing demand, as wearing the mask has become mandatory with the rise in the Covid cases.

Keep scrolling to read more news

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK