Daijiworld Media Network - Bengaluru
Bengaluru, Jan 18: Four former employees of IT firm Condor Mirage have been booked for siphoning over Rs 11.5 crore funds from the company’s account to personal bank accounts.
The company has its headquarters in Gurugram and a branch on Richmond Road in Bengaluru.
Bhagawath KV was working as senior finance consultant for the firm while his mother Jayalakshmi Venkataraman was an accountant in the same firm.
According to polic, Bhagawath had transferred money to his wife Shridhya Chillara’s account and also to his assistant Prasanna Kumar’s account. Later, Prasanna transferred the funds to his wife Shilpa.
The fraud came to limelight when firm director Rahul Singh (42) found that funds were not tallying after a recent audit. On further probing the accounts the fraudulent deed of his employees came to light. The funds were transferred at different instances for a period of six years from November 20, 2014 to January 16, 2019.
A complaint is filed in Ashoknagar police station and the cops are also probing a firm Akhilandam Associates.
The police are on lookout for Bhagawath, Jayalakshmi Venkataraman, Prasanna Kumar, Mohammed Emron, Shridhya Chillara, Shilpa Prasanna and Sunder GV.
The model of siphoning funds is similar to the recent fraud reported in Manipal Group, where an ex-staffer was involved.