They create fake sites of legitimate businesses and swindle money when they get some customers. 100% fake site and fake business. Please verify the following before making any legitimate business transactions with them.
Search the website registration details. Tradeindia thieves create a new site by copying the legitimate businesses. Those sites will have a newer registration date in whois. If you know the existing business, check the whois registration date of the site. Also, ensure you speak with some of the people to ensure that it is the legitimate business and bank accounts. These guys create a lot of fake accounts and run away with the money. I’m planning to publish a detailed modus operandi of these guys to ensure that business community stays safe. Take care.