The Cyber Crime sleuths on Sunday arrested a management consultant on charges of siphoning off funds and stealing data belonging to an education group that runs a chain of schools in Dubai and Sharjah.
The accused, Abhilash Rao Magavanna (35), a resident of Bharath Nagar in BEL Layout, was arrested based on a complaint lodged with Indiranagar police by the management representatives of IQRA Group headquartered in Dubai.
The police have seized 12 laptops, eight debit cards and one mobile phone — all worth over Rs 7 lakh from the accused.
The complainant alleged that Abhilash Rao had befriended the company’s CEO while studying at IIT-Madras and joined his company as a management consultant. He soon became
an independent paid director (quality assurance) between 2014 and 2018 with Bengaluru as his operational base.
During this period, he allegedly fabricated documents, opened a different bank account and started diverting funds worth Rs 7.5 crore.
He also stole the company’s data. Rao has been remanded in judicial custody.
Follow us on Facebook | Twitter | Dailymotion | YouTube
Future space travel might require mushrooms
'Heart attack risk rises in first two weeks post Covid'
Team India gets emotional after losing to Belgium
Sport or martial art? Karate’s big question at Olympics
What will the Earth be like in 500 years?
Hockey star's dad sold cow to buy son's goalkeeper kit
Delta infections among vaccinated likely contagious