Hyderabad CCS officials grill four accused of cheating a tech firm of Rs 124 crore

HYDERABAD: Hyderabad central crime station (CCS) registered a case against functionaries of a tech firm on allegations of cheating the firm to the tune of Rs 124 crore. The complainant Premchand Kolli of Maxoind Tech Solutions accused Swamijee Kakarla, Ravi Kumar Daparthi, Murusu Upendra Naidu and Ramcharan Pasumarthi of causing losses to their firm and diverting their clients to another firm, Signitive IT Solutions formed by the alleged accused.

Premchand alleged when he was away in the USA, the accused had appointed Kakarla as an additional director during a board meeting.

Ravi Kumar, who was managing the office affairs in the absence of the complainant, without attending the board meeting had fabricated the resolution, appointing Kakarla illegally.

By forging his signature and that of his wife, who is a director in a sister concern, the accused resorted to fraudulent activities in their company. They also diverted employees to Signitive. Further, they reached out to Maxoind’s clients, introducing Signitive as a sister concern and diverted them to Signitive, causing a loss of around '124 crore.

CCS sleuths on Wednesday summoned the accused and grilled them over the irregularities in the company and the allegations against them. Further investigation is in process, they said.