LDPE Film — 30% upfront money taken but does not ship material
Last year, I was contacted by a person named Sigitas Geneikis who is a CEO of JSC Tronas LT because he sold certain type of plastic scrap that interest my clients.
Now in commodity trade payment terms differ but usually it is T/T 30% upfront and 70% against documents of shipping.
My clients paid him 30% upfront, and there after he started making excuses. Moreover, one of my clients from HOLLAND went to see SIGITAS and his warehouse.
As things stand at the moment Sigitas Geneikis has taken money(around 25, 000USD) from clients but has not shipped the material. I have emailed, and sms him but no reply.
It seems that he has ran off the 25, 000USD which is owed to my clients.
The full details of the Sigitas Geneikis is:
JSC Tronas LT
A.Jakšto str. 11-16,
LT01105, Vilnius, Lithuania
DO NOT DO BUSINESS WITH Sigitas Geneikis.