2 held for duping tech companies, one absconding

2 held for duping tech companies, one absconding - Sakshi Post

Hyderabad: The sleuths of the Central Crime Station (CCS) arrested two from the city on Saturday for duping various software companies by creating a fake company and garnering investments.

According to reports, the company Skill Development Monitoring Services was formed by Priyanka and her husband Tarun along with one Ramoji with a plan to make easy money. They trio has been accused of cheating various software companies and seeking one percent of the total project cost as Earnest Money Deposit (EMD). The fraudsters have so far collected Rs.83 lakhs from various companies. However, their scam was busted following a complaint to the CCS joint commissioner T Prabhakar Rao.

"The accused have amassed cash to the tune of Rs 83 lakh from all over India including Rs 16.2 lakh from three software companies of Hyderabad," Prabhakar Rao said.

The police have seized around Rs.40 lakhs from the accused's bank account. The remaining money has allegedly been siphoned off to the bank account of Tarun’s mother who stays in Agra.

Priyanka and Ramoji have been arrested while the mastermind behind the fraud Tarun is still at large, the police added.

Read More:

Back to Top