Pune: Jyovi Electric Limited Accused Of Defrauding 81 Customers And Employees In Baramati
Pune, 7th April 2023: Baramati City Police have registered a case against Jyovi Electric Limited’s Chairman, Jyoti Satish Adhav and CEO, Vinod Ananta Kadam for defrauding 81 customers and cheating employees of their salaries. The duo offered Jyovi Electric Bikes at a discounted rate of Rs 30,000, which should have been sold for Rs 90,000. The customers paid the booking amount online, by cheque or cash, amounting to Rs 1.9 lakh 67 thousand.
According to the police report, the bookings started in October 2022 and went on until March 2023, with the company failing to deliver the bikes despite repeated requests. A few cars were delivered initially to build trust among customers, but then the showroom in Baramati was banned.
Suhas Suresh Hipparkar, a former employee of the company, filed a complaint against Adhav and Kadam, claiming that the company also cheated him and the staff of three months’ salary amounting to Rs 1.5 lakh.
The Pune rural police have arrested both Adhav and Kadam, and are currently investigating the matter. The incident has raised concerns among customers who were eagerly awaiting the delivery of their bikes.
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