India, April 29 -- Delhi Police's economic offences wing (EOW) has registered a first information report (FIR) against B2B medical supply chain startup Medikabazaar's ousted cofounder Vivek Tiwari.

As per an Economic Times report, the EOW has charged Tiwari with criminal breach of trust, cheating, forgery, and falsification of accounts. The report, citing sources, said that the FIR was registered after the ousted CEO failed to appear before the EOW despite being summoned twice.

The FIR reportedly alleges a "well-planned and deep-rooted criminal conspiracy" by Tiwari and others to allegedly siphon off more than INR 100 Cr by cheating, falsification of records, and breach of contract.

Meanwhile, responding to Inc42's queries on the devel...