Friday, 17 September, 2021
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Fraudulence in the name of online business

Fraudulence in the name of online business

In our country, online shopping has boomed during the Covid-19 pandemic. People in large numbers opted for remote shopping from the safety of their homes. But, because of lack of transparency, unscrupulous e-commerce traders started cheating customers at random. As per the lead story of a major national daily, 67 fake companies have swindled an amount of seven thousands and 256 crore taka from innocent people in the name of online business. According to the report, most of the companies have no office of their own; they rather run their unholy business merely through webpages. They shrewdly embezzled the entire amount enticing people of attractive offers and profits. 

Two-thirds of the online customers have reportedly been deprived of their desired items as the so-called companies failed to deliver those to them despite payments. Hiding their actual names, the owners of the fake companies pursued the crime using others’ names. Since 2019, they collected the customers showing webpages through mobile banking. As the organisations are not officially enlisted, they did not deposit even one taka vat tax to the government treasury. Another report of the daily sun has also confirmed the corrupt-practices of two more fraudulent e-commerce sites who embezzled Tk 1,300 million in the name of unreal discounts on a range of products.

Online business has mushroomed across the country due to lack of surveillance on the part of the authorities concerned. They have no accountability as they have allegedly no trade licence or TIN number. Taking full advantage of the situation, the dishonest people are carrying on their foul practice. The government and the law enforcers should crackdown on these fraudsters. Strict law should be enacted to curb their unethical practices. However, reliable sources said that the e-Cab and the Ministry of Commerce are jointly working to prepare a ‘Standard Operating Procedure’ and guidelines for the e-commerce sites. We expect that cheating will come down to a great extent after their preparations. The customers should also order products after scrutinizing the track record of the webpages and ensure that the vendor of the Facebook page is a member of e-Cab.