Surat textile market has over 60,000 shops where over 50,000 traders and brokers conduct business. Fraudsters among businessmen have been able to escape without getting caught because there is no centralized data management system with details of a businessman. To prevent and detect financial fraud, police are developing a mobile application which will help collect details about each trader and broker in the textile market.
With the android mobile application 'Tex-Suraksha' it will not be easy for fraudsters to escape now after carrying out a fraud under a planned insolvency racket from the textile market of the city. The app will also provide information to a user about a textile businessman
The fraudsters make purchases in crores from raw material suppliers and job workers. They initially make payments on time to win trust. Credit window of three to four months is common in textile market and the fraudsters collect maximum good during this period. They disappear after closing the rented shop and selling the material without making payment to creditors.
The Federation of Surat Textile Traders Association (FOSTTA) on Tuesday called a meeting of textile traders in which police shared with them the information about the application's purpose and use.
B K Vanar, police inspector, Salabatpura police station said that initially police will collect data of each market developer, shop owner, tenant and broker and upload it into the application. A user can also access the data on the App with password to check details about a businessman. It will prove helpful to a businessman to carry out a safe business.
The city police commissioner Ashish Bhatia said that the police now through this application will collect data of businessmen operating from over 60,000 shops. Their photos, native addresses and other details will be stored in the application. This data will help police in detecting crime and to nab the fraudsters.
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