My friend @[673082608:2048:Arnaz] asked me to share this, since she has been blocked by FB.
Sachin's wife claims that her father spent ₹50 lakhs on her wedding 12 years ago, and gave Sachin ₹11 lakhs in cash for a car. She has no evidence to support these claims. She also says Sachin's family is harassing her to transfer properties in her name to him. Sachin is worth over ₹7,500 crores after Flipkart was sold to Walmart.
There is something worth knowing about these two. Flipkart was incorporated in Singapore - it was never an Indian company. Per Indian laws, both under the UPA and NDA regimes, a foreign entity cannot be doing retail in India. So what did Bansal and Bansal, the founders, do? They did something very insidious.
Have you ever ordered a phone or something expensive from Flipkart. It is quite likely that the product was delivered by WS Retail. WS is not a courier company. It is the "seller" that sells a majority of the goods on Flipkart. Flipkart.com pretends it is a marketplace, and does not do any direct retail. The actual sale invoice is generated by sellers - and the cream of all sales go to WS Retail.
Where did WS Retail come from? It was created रातों रात, and was owned by the wives of Bansal and Bansal. This company, air gapped as it was from Flipkart by virtue of having different directors, started selling in bulk on Flipkart. It always ran in a profit, even though it did very little value creation. All the technology, process, order processing was done at Flipkart's expense. Investors burnt through thousands of crores in cash in Flipkart while WS turned a profit.
The profits accrued to WS' owners - the Bansal wives and their relatives. These people helped Flipkart circumvent Indian laws, at the expense of small Indian shopkeepers and large Indian retailers like Pantaloons that ran on Indian money.
Money corrupts. Lots of money corrupts irreparably. Now the Indian legal system will take precious time away from helping rape victims to massage the egos of these two, and helping them figure out exactly how obscenely rich each of them needs to be.
Here is another news on the same subject: https://www.timesnownews.com/business-economy/companies/article/flipkart-co-founder-sachin-bansals-wife-files-dowry-harassment-case-against-husband/561128
Sachin's wife claims that her father spent ₹50 lakhs on her wedding 12 years ago, and gave Sachin ₹11 lakhs in cash for a car. She has no evidence to support these claims. She also says Sachin's family is harassing her to transfer properties in her name to him. Sachin is worth over ₹7,500 crores after Flipkart was sold to Walmart.
There is something worth knowing about these two. Flipkart was incorporated in Singapore - it was never an Indian company. Per Indian laws, both under the UPA and NDA regimes, a foreign entity cannot be doing retail in India. So what did Bansal and Bansal, the founders, do? They did something very insidious.
Have you ever ordered a phone or something expensive from Flipkart. It is quite likely that the product was delivered by WS Retail. WS is not a courier company. It is the "seller" that sells a majority of the goods on Flipkart. Flipkart.com pretends it is a marketplace, and does not do any direct retail. The actual sale invoice is generated by sellers - and the cream of all sales go to WS Retail.
Where did WS Retail come from? It was created रातों रात, and was owned by the wives of Bansal and Bansal. This company, air gapped as it was from Flipkart by virtue of having different directors, started selling in bulk on Flipkart. It always ran in a profit, even though it did very little value creation. All the technology, process, order processing was done at Flipkart's expense. Investors burnt through thousands of crores in cash in Flipkart while WS turned a profit.
The profits accrued to WS' owners - the Bansal wives and their relatives. These people helped Flipkart circumvent Indian laws, at the expense of small Indian shopkeepers and large Indian retailers like Pantaloons that ran on Indian money.
Money corrupts. Lots of money corrupts irreparably. Now the Indian legal system will take precious time away from helping rape victims to massage the egos of these two, and helping them figure out exactly how obscenely rich each of them needs to be.
Here is another news on the same subject: https://www.timesnownews.com/business-economy/companies/article/flipkart-co-founder-sachin-bansals-wife-files-dowry-harassment-case-against-husband/561128