Bengaluru: Software engineer, associate charged of Rs 5.9 crore fraud

Daijiworld Media Network - Bengaluru (SP)

Bengaluru, May 14: A software engineer aged 35 from the city, and his associate working from the USA, have been accused of cheating a firm by diverting funds to the tune of Rs 5.9 crore. This complaint has been filed by Madhusudhan D S, who happens to be the associate president of Hinduja Global Solutions having its BPO at Garvebhavipalya here.

The case stands filed in Bandepalya police station. The police have begun investigation into the allegation of siphoning off the funds of the company through fraudulent means.

The accused have been named as Ramesh Kamaiah, software engineer, and his associate at USA, Nova Lam. They have been charged with cheating and criminal breach of trust besides crimes under several other sections of IT Act. However, no arrests have been made so far.

Madhusudhan said in his complaint that Kamaiah began to work as senior process consultant of his company on November 22, 2017. Kamaiah was entrusted with the work of handling the company's clients’ financial accounts and online transactions and other activities connected with finances of the company. Kamaiah and Lam had created an email account - and began to use it for financial communications. Through a series of transactions, they diverted funds to different bank accounts in USA to the detriment of the company which faced losses as a result, the complainant has claimed.

After getting complaint from one of the clients, the company conducted internal inquiry which found that fraudulent transactions were put through between March 3 and April 29 this year. The inquiry also found that Kamaiah had created a fake email account through which illegal transactions were carried out. After transferring US $ 8.55 lac to different accounts in USA, with the support of his associate in the USA, he had deleted all financial transaction details.

A spokesperson of the company said that the company will strictly monitor processes to make sure that things of this nature do not recur.

The police have asked for a copy of the internal inquiry report of the company in this regard. They have asked Kamaiah to be present before them for interrogation.


Comment on this article


Title : Bengaluru: Software engineer, associate charged of Rs 5.9 crore fraud


You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will be held responsible.

Security Validation

Enter the characters in the image