Electronics focused e-commerce venture Timtara has shut down its operations, reports Nextbigwhat. Medianama had learnt the same from sources in February 2013, however when we had contacted Timtara Co-Founder and Director Arindam Bose on this, he had denied that Timtara was shutting down. We have contacted Timtara for a confirmation on this and will update the article once we get a response. However, its worth noting that the site is not working at the time of writing this article. This development follows the arrests of Arindam Bose and Timtara.com CEO Harish Ahluwalia on allegations of fraud amounting to Rs 12 lakh in April 2013. The police had said that they’ve received complaints from around 200 buyers, and around three complaints have been registered with the Economic Offences Wing and Janakpuri Police Station. In response to these arrests, Timtara had posted a notice on its website saying that false complaints have been…
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