Maskati Cloth Market Mahajan to reportedly ‘name and shame’ fraudsters

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The Ahmedabad textile traders’ apex organisation, Maskati Cloth Market Mahajan, has made the decision to name and shame individuals who have defrauded its members by projecting their names, pictures, PAN, and GST information onto giant LED screens at several textile markets throughout the city which will reportedly start from 1st April.

About 25 textile associations in the city will follow suit in the upcoming months, preventing fraudsters from attacking again and providing members with a “telecast” network of notifications.

On its ‘Be Alert’ portal, the group will also post fraudsters’ details. According to an organisation representative, member traders will soon be able to contribute their own content.

Cheating cases are increasing steadily. When fraudsters pay on schedule for their first orders, they build trust, but then they take more credit and vanish. They frequently visit other places in order to use the same method of defrauding traders there. Additionally, the home department has established a Special Investigation Team (SIT) and filed a significant number of complaints, according to Maskati Mahajan President Gaurang Bhagat.

According to Bhagat, the association’s arbitration tribunal is currently handling cases involving about 2,000 traders who together defrauded over US $ 35 million (Rs. 300 crore), and approximately 700 traders and brokers are accused of cheating.

To make sure that no fictitious names are posted, the group has safeguards in place. According to Bhagat, the Maskati Mahajan will want notorized paperwork, a written complaint, and copies of the transaction and delivery invoices before anything is put on display.

According to Bhagat, the movement is also gathering traction across the country since hundreds of textile dealers have lost stocks valued at crores due to fraud. He stated that 25 groups, including those from Delhi, Kolkata, Chennai, and Ludhiana, are on our side and have pledged to take action against these scammers.

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