College of Aerospace Warfare takes action against vendor over alleged fraud
What happened
The College of Aerospace Warfare initiated steps to freeze a vendor's account after being defrauded of Rs 8.8 lakh. The vendor, Pinakine Secure Security Solutions, had been awarded a Rs 54.8 lakh contract for vegetation clearance through the Government e-Marketplace. The college made two advance payments to the vendor's bank account in New Delhi, but the vendor allegedly failed to honor the contract and could not be located.
From siasat.com
Why it matters
The incident involves the termination of a contract awarded through the Government e-Marketplace. The college reported a direct financial loss from the terminated contract, and the vendor faces steps to freeze its bank account due to the alleged fraud.
From siasat.com
Who's involved
- collegeThe educational institution that was defrauded of advance payments.
- Sakshi PandeyThe proprietor of the vendor firm, who could not be contacted by college authorities.
- New DelhiThe location where the vendor's bank account and listed address were situated.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- collegeSpeculative
The College of Aerospace Warfare might incur financial losses from the terminated Government e-Marketplace contract.
Keep exploring
The entities involved
-
Sakshi Pandey
Indian basketball player (born 1998)
Nothing else this week.
-
New Delhi
capital city of India
-
National Cybercrime Reporting Portal
Indian website
Nothing else this week.