$324,000 Fraud Scandal Rocks Krishna Group of Companies
…India & Dubai-Based Cartels Green Exim, JAYA IMPEX & JPG AGRO Exposed
The Krishna Group of Companies has fallen prey to a major international fraud, losing a staggering $324,000 to three India and Dubai-based companies—Green Exim (India-based), JAYA IMPEX (India-based), and JPG AGRO (Dubai-based).
According to credible investigations, Krishna Group made advance payments earlier this year for the shipment of sugar and rice to Sierra Leone. However, after receiving the funds, the so-called suppliers vanished into thin air, refusing to honor their side of the agreement despite repeated follow-ups.
Findings further revealed that these companies are not legitimate businesses but part of a well-orchestrated criminal cartel that specializes in luring unsuspecting importers and businesses with promises of supplying essential goods. Once payments are made, the fraudsters disappear, leaving their victims in financial ruin.
Interpol has been alerted and is actively pursuing these international swindlers, who are believed to have defrauded several other companies across different countries using similar tricks.
This case serves as a wake-up call to all businesses and importers in Sierra Leone and beyond. Exercise maximum due diligence before engaging with foreign companies—especially those demanding huge advance payments. Verify their legitimacy through proper channels, insist on credible references, and where possible, conduct face-to-face verifications before committing funds.
The Krishna Group case is a stark reminder that international fraud cartels are targeting African businesses desperate for supplies. Don’t let your company be the next victim.