While digital technology has provided us with a way to browse products and order them online, fraudsters seem to be taking advantage of the loopholes in the services that online shopping provides. In such an incident, an Indian online shopping brand has suffered huge losses as fraudsters exploited loopholes to dupe&nbsp;the company by claiming fake refunds.

Myntra, the Flipkart-owned fashion giant of India, discovered that it had been duped of Rs 1.1 crore ($129,600) between March and June this year after an audit was conducted. The company has lost over Rs 50 crore ($5,891,220) to scammers nationwide, TOI reported, citing a source.

According to police officials, the crooks would place bulk orders for several items available on the website like shoes, apparel, handbags, jewellery, watches, and cosmetics and make payments online or select the cash-on-delivery (COD) option.

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After receiving the order, they would raise complaints about receiving less number of products than ordered. In some cases, they would make a complaint that the product delivered was fake, of the wrong colour, not the same product, or the wrong size to claim refund.

Myntra Designs enforcement officer Sardar MS told police that about 5,529 such fraudulent orders were delivered to different locations across Bengaluru.

According to TOI, the police suspect a gang from Rajasthan to be involved in the fraud. Nearly all of those orders were placed from Jaipur. The fraudsters gave delivery addresses of Bengaluru and other metros, and few were delivered to commercial establishments.

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Although the online store wanted to file a complaint for all their losses, Bengaluru police have asked them to only file a complaint regarding the losses that occurred through deliveries within the city.

A case has been registered under IPC Sections 419 (cheating by personation) and 420 (cheating and dishonestly inducing delivery of property), and Information Technology Act. A police investigation is underway.

In a similar incident, three arrests were made in Gujarat after e-commerce brand Meesho was cheated of Rs 5.5 crore ($648,000) through fraudulent orders.

(With inputs from agencies)

While digital technology has provided us with a way to browse products and order them online, fraudsters seem to be taking advantage of the loopholes in the services that online shopping provides.

While digital technology has provided us with a way to browse products and order them online, fraudsters seem to be taking advantage of the loopholes in the services that online shopping provides. In such an incident, an Indian online shopping brand has suffered huge losses as fraudsters exploited loopholes to dupe the company by claiming fake refunds. Myntra, the Flipkart-owned fashion giant of India, discovered that it had been duped of Rs 1.1 crore ($129,600) between March and June this year after an audit was conducted. The company has lost over Rs 50 crore ($5,891,220) to scammers nationwide, TOI reported, citing a source. According to police officials, the crooks would place bulk orders for several items available on the website like shoes, apparel, handbags, jewellery, watches, and cosmetics and make payments online or select the cash-on-delivery (COD) option. Also read | Man dies by suicide, tags Musk and Trump in last post, accuses wife of harassment After receiving the order, they would raise complaints about receiving less number of products than ordered. In some cases, they would make a complaint that the product delivered was fake, of the wrong colour, not the same product, or the wrong size to claim refund. Myntra Designs enforcement officer Sardar MS told police that about 5,529 such fraudulent orders were delivered to different locations across Bengaluru. According to TOI, the police suspect a gang from Rajasthan to be involved in the fraud. Nearly all of those orders were placed from Jaipur. The fraudsters gave delivery addresses of Bengaluru and other metros, and few were delivered to commercial establishments. Also read | YesMadam's HR email firing 100 employees to relieve their stress goes viral. Here's the truth behind the post Although the online store wanted to file a complaint for all their losses, Bengaluru police have asked them to only file a complaint regarding the losses that occurred through deliveries within the city. A case has been registered under IPC Sections 419 (cheating by personation) and 420 (cheating and dishonestly inducing delivery of property), and Information Technology Act. A police investigation is underway. In a similar incident, three arrests were made in Gujarat after e-commerce brand Meesho was cheated of Rs 5.5 crore ($648,000) through fraudulent orders. (With inputs from agencies)

Indian online fashion giant Myntra duped of $129K by fraudsters, investigation underway: Report

Amid the investigation by various probe agencies in Punjab National Bank scam case, accused Nirav Modi sent an email to Enforcement Directorate to ask about the reasons for suspending his passport.

&quot;Passport authority suspended my passport. Meanwhile, you asked me to join probe . Wrote to Passport authority requesting it to provide me reasons of suspension &amp; proposed revocation. Surprisingly, within minutes of my reply ,authority revoked my passport&quot;.

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He accused system for&nbsp;disregarding the law and said that his&nbsp;&#39;&#39;fate was already decided&quot;.

&#39;&#39;The lightning speed in which the authority has acted clearly shows that the action itself was pre-determined. My fate was already decided&#39;&#39;.

Nirav Modi also stated reasons for not cooperating with the probe in India; he said that he is still &#39;&#39;working abroad and engaged in trying to deal with businesses.&#39;&#39;

Also read:&nbsp;<a href="http://www.wionews.com/india-news/pnb-fraud-internal-chief-auditor-of-punjab-national-bank-arrested-34-more-bank-accounts-of-gitanjali-group-attached-34366">PNB&#39;s Internal Chief Auditor arrested, 34 more bank accounts of Gitanjali Group attached</a>

&#39;&#39;Still working abroad as I continue to be very engaged in trying to deal with businesses that I am involved with outside of India. Trying to ensure that so far as possible the position of these business creditors(including banks)&amp; employees are properly considered&#39;&#39;.

Nirav Modi and and Mehul Choksir are being investigated by probe agencies after Punjab National Bank filed a complaint of fraudulent transactions of&nbsp;Rs 12,000 crores occurred&nbsp;through acquiring fake letters of undertaking.&nbsp;&nbsp;

Also read:&nbsp;<a href="http://www.wionews.com/india-news/we-have-businesses-abroad-so-i-cant-join-investigations-nirav-modi-replies-to-cbis-mail-34348">We have businesses abroad so I can&#39;t join investigations says Nirav Modi to CBI&#39;s mail</a>

They allegedly acquired fraudulent letters of undertaking (LoUs) were taken&nbsp;from its the banks Brady House branch in Mumbai&nbsp;for overseas credit from other lenders.

The Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) have registered two FIRs each in this case.

A special Prevention of <a href="http://www.wionews.com/india-news/pnb-scam-special-pmla-court-issues-non-bailable-warrant-against-nirav-modi-and-mehul-choksi-34551">Money Laundering (PMLA) Court in Mumbai has also issued a non-bailable warrant </a>against Nirav Modi and Mehul Choksi on Saturday.

Amid the investigation by various probe agencies in Punjab National Bank scam case, accused Nirav Modi sent an email to Enforcement Directorate to ask about the reasons for suspending his passport

Amid the investigation by various probe agencies in Punjab National Bank scam case, accused Nirav Modi sent an email to Enforcement Directorate to ask about the reasons for suspending his passport. "Passport authority suspended my passport. Meanwhile, you asked me to join probe . Wrote to Passport authority requesting it to provide me reasons of suspension & proposed revocation. Surprisingly, within minutes of my reply ,authority revoked my passport". Also read: Cannot confirm Nirav Modi is here, says US He accused system for disregarding the law and said that his ''fate was already decided". ''The lightning speed in which the authority has acted clearly shows that the action itself was pre-determined. My fate was already decided''. Nirav Modi also stated reasons for not cooperating with the probe in India; he said that he is still ''working abroad and engaged in trying to deal with businesses.'' Also read: PNB's Internal Chief Auditor arrested, 34 more bank accounts of Gitanjali Group attached ''Still working abroad as I continue to be very engaged in trying to deal with businesses that I am involved with outside of India. Trying to ensure that so far as possible the position of these business creditors(including banks)& employees are properly considered''. Nirav Modi and and Mehul Choksir are being investigated by probe agencies after Punjab National Bank filed a complaint of fraudulent transactions of Rs 12,000 crores occurred through acquiring fake letters of undertaking. Also read: We have businesses abroad so I can't join investigations says Nirav Modi to CBI's mail They allegedly acquired fraudulent letters of undertaking (LoUs) were taken from its the banks Brady House branch in Mumbai for overseas credit from other lenders. The Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) have registered two FIRs each in this case. A special Prevention of Money Laundering (PMLA) Court in Mumbai has also issued a non-bailable warrant against Nirav Modi and Mehul Choksi on Saturday.

PNB scam: 'My fate was pre-determined' says Nirav Modi

The Central Bureau of Investigation (CBI) sealed Punjab National Bank&#39;s MCB Brady House branch in Mumbai on Monday.

The official notice of the CBI read, &#39;Tthe branch cannot be opened and entered into without permission/order of the court concerned or Competent Authority of the Central Bureau of Investigation Mumbai.&#39;&#39;

MCB Brady house is the same branch where transactions related to PNB scam were carried out.

Also read:&nbsp; <a href="http://www.wionews.com/india-news/pnb-scam-billion-dollar-diamond-fraud-case-puts-indias-state-banks-in-focus-33285">Billion dollar diamond fraud case puts India&#39;s state banks in focus</a>

Last week, Punjab National Bank announced that it had discovered fraudulent transactions worth Rs 11,400 crore at MCB Brady House branch in Mumbai.

&nbsp;Also read: <a href="http://www.wionews.com/india-news/pnb-fraud-200-shell-firms-benami-assets-under-ed-i-t-dept-scanner-33269">200 shell firms, </a><a href="http://www.wionews.com/india-news/pnb-fraud-200-shell-firms-benami-assets-under-ed-i-t-dept-scanner-33269">benami</a><a href="http://www.wionews.com/india-news/pnb-fraud-200-shell-firms-benami-assets-under-ed-i-t-dept-scanner-33269"> assets under ED, I-T dept scanner</a>

Nirav Modi who has now fled the country carried out these fraud transactions by using fake bank guarantees as a proof to other banks to extract money from them.

The Enforcement Directorate (ED) is conducting a search operation and raided many showrooms across the country. Diamonds, gold, gems, jewellery, metal worth of crores has also been seized.

CBI arrested three officials of the PNB bank in connection with the scam.

Former deputy manager of Punjab National Bank, Gokulnath Shetty and Manoj Kharat, single window operator at PNB and Hemant Bhat, Authorised Signatory of the Nirav Modi Group of Firms were arrested on Saturday. 
&nbsp;

The official notice of the CBI read, 'Tthe branch cannot be opened and entered into without permission/order of the court concerned or Competent Authority of the Central Bureau of Investigation Mumbai'

The Central Bureau of Investigation (CBI) sealed Punjab National Bank's MCB Brady House branch in Mumbai on Monday. The official notice of the CBI read, 'Tthe branch cannot be opened and entered into without permission/order of the court concerned or Competent Authority of the Central Bureau of Investigation Mumbai.'' MCB Brady house is the same branch where transactions related to PNB scam were carried out. Also read: Billion dollar diamond fraud case puts India's state banks in focus Last week, Punjab National Bank announced that it had discovered fraudulent transactions worth Rs 11,400 crore at MCB Brady House branch in Mumbai. Also read: 200 shell firms, benami assets under ED, I-T dept scanner Nirav Modi who has now fled the country carried out these fraud transactions by using fake bank guarantees as a proof to other banks to extract money from them. The Enforcement Directorate (ED) is conducting a search operation and raided many showrooms across the country. Diamonds, gold, gems, jewellery, metal worth of crores has also been seized. CBI arrested three officials of the PNB bank in connection with the scam. Former deputy manager of Punjab National Bank, Gokulnath Shetty and Manoj Kharat, single window operator at PNB and Hemant Bhat, Authorised Signatory of the Nirav Modi Group of Firms were arrested on Saturday.

PNB scam: CBI seals bank's Brady House branch in Mumbai

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