Allegedly diverted funds from accounts of clients
A case has been booked against a software engineer and his associate based in the USA for allegedly diverting clients’ funds to their bank account and cheating their employer of ₹5.9 crore.
Based on a complaint by Madhusudhan D.S., Associate President of Hinduja Global solutions (HGS), a BPO based in Garvebhavipalya, the Bandepalya police have booked Ramesh Kamaiah, a senior process consultant, and his associate Nova Lam, charging them under various sections of the IT Act.
In his complaint, Madhusudhan said that Ramesh was tasked with handling clients’ financial accounts and their online financial activities. However, he, with the help of Nova Lam, started diverting funds, causing loss to the company.
The racket came to light when one of the clients complained of financial irregularities.
Based on the complaint, the company conducted an internal inquiry and found out that Ramesh had not only set up an email account to carry out illegal transactions, but also deleted the financial transaction details soon after transferring $855,000 from a few accounts with the help of Nova Lam.
The police have sought details of the illegal transactions and summoned Ramesh for questioning.