Connections, this is to inform you about a fraudst...

Connections, this is to inform you about a fraudster named Sudheer Mareddi (CMD) who Co-founded Ebutor (an online wholsesale store with which we got into an agreement of doing business).

On 17 August 2019, we signed a legal distributor agreement with Ebutor Distribution Private Limited.

As per the agreement, we procured goods from them, against the Demand Draft __. The products didn't recieve a great response from retailers, the stock remain unsold

Due to which we stopped selling those products and returned the remaining stock to company on their request worth Rs. 8,86,142.00 to Ebutor.

After returning the stock, we asked them to give us our total pending claim which is Rs 16,38,391.00 , Kept following up with them for months.

After a point, Sudheer Mareddi stopped answering our calls. He is also a co-founder of Sunera Technologies, Inc. (SuneraTech), an operational IT firm.

It's been over a year we haven't recieved our money nor have we heard from anybody from Ebutor.

If anyone of you is in accord with this fraudster, please be careful. If anyone of you are planning to do business with them, drop that thought immediately.

People like Sudheer Mareddi (CMD) and Sanjay Baral should not be in business at all. #fraudsters #supplychainleaders #logisticsmanagement

Thank you!