by The Mumbai Police has taken action against executives of 4B Networks, a digital marketing agency, for alleged fraud. The police have filed a case against the company’s directors, Rahul Yadav and Sanjay Saini, and its chief operating officer, Vikas Om Prakas Noval.
The case was filed after a complaint was filed by an advertising company, Interspace Communication. Interspace alleged that 4B Networks had defrauded it of over Rs 10 crore.
4B Networks is accused of creating fake invoices and inflating the cost of advertising campaigns. The company is also accused of failing to deliver the promised results.
The police have arrested Yadav and Saini. Noval is absconding.
The case is being investigated by the Economic Offences Wing of the Mumbai Police.
Here are some of the details of the alleged fraud:
- 4B Networks created fake invoices for advertising campaigns that were never actually run.
- The company inflated the cost of the campaigns by over 100%.
- 4B Networks failed to deliver the promised results of the campaigns.
The alleged fraud is a serious matter and it is important that the police take swift action to bring the perpetrators to justice. The case is also a reminder of the importance of due diligence when dealing with digital marketing agencies.
The police investigation is ongoing and it is likely that more charges will be filed against the accused. The case is likely to be tried in a special court for economic offenses.
