Tech
TradeCred files criminal complaint against Bizongo, alleges Rs 69 crore fund misappropriation
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Invoice discounting platform TradeCred has filed a criminal complaint against supply chain finance startup Bizongo, alleging fraudulent diversion and misappropriation of funds amounting to at least Rs 69 crore.
The complaint, filed with Mumbai Police’s Economic Offences Wing, outlined charges of criminal misappropriation, cheating and breach of trust against Bizongo, its senior executives and investors.
Individuals named in the complaint include Bizongo founders Sachin Agarwal and Ankit Tomar, as well as investment firms Accel, B Capital, IFC and…
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