<p>The city police have booked a 35-year-old software engineer and his accomplice working out of the USA for diverting their clients’ funds to overseas bank accounts and cheating the company of Rs 5.9 crore in little over a month.</p>.<p>The suspect, Ramesh Kamaiah and his associate based in the United States, identified as Nova Lam, have been booked for cheating and criminal breach of trust and various other sections under the IT Act. The two are yet to be arrested, the police said.</p>.<p>Based on a complaint filed by Madhusudhan D S, associate president of Hinduja Global Solutions (HGS), a BPO based in Garvebhavipalya, the Bandepalya police are investigating into the fraudulent siphoning of company funds.</p>.<p>Madhusudhan, in his complaint, stated that Kamaiah started working as a senior process consultant from November 22, 2017. He was tasked with handling the company’s clients’ financial accounts and their online transactions and other activities related to company finances.</p>.<p>Kamaiah and Lam created an email account unlimitedpremiumhackers@gmail.com. </p>.<p>They used it for financial communications. They then started to transact and divert funds to various bank accounts in the United States causing the company losses worth crores.</p>.<p>The fraudulent transactions have been found to have occurred between March 3, 2019 and April 29, 2019 after the company conducted an internal inquiry based on a complaint from one of their clients’ stating they found irregularities in transactions.</p>.<p>Fake email floated</p>.<p>Further inquiries found that Kamaiah not only floated a fake email to carry out illegal transactions, but also deleted all financial transaction details soon after transferring $8,55,000 to various overseas accounts with the help of his associate Lam in the United States.</p>.<p>Internal inquiry</p>.<p>The city police have sought the report on the internal inquiry by the company and are investigating further. They have also summoned Kamaiah for questioning.</p>.<p>A spokesperson for HGS in a statement said, “The investigation into the matter is under way and we are cooperating with the authorities to resolve the issue in a transparent manner. We will continue to strictly monitor our processes to ensure that an incident of this nature does not repeat.”</p>
<p>The city police have booked a 35-year-old software engineer and his accomplice working out of the USA for diverting their clients’ funds to overseas bank accounts and cheating the company of Rs 5.9 crore in little over a month.</p>.<p>The suspect, Ramesh Kamaiah and his associate based in the United States, identified as Nova Lam, have been booked for cheating and criminal breach of trust and various other sections under the IT Act. The two are yet to be arrested, the police said.</p>.<p>Based on a complaint filed by Madhusudhan D S, associate president of Hinduja Global Solutions (HGS), a BPO based in Garvebhavipalya, the Bandepalya police are investigating into the fraudulent siphoning of company funds.</p>.<p>Madhusudhan, in his complaint, stated that Kamaiah started working as a senior process consultant from November 22, 2017. He was tasked with handling the company’s clients’ financial accounts and their online transactions and other activities related to company finances.</p>.<p>Kamaiah and Lam created an email account unlimitedpremiumhackers@gmail.com. </p>.<p>They used it for financial communications. They then started to transact and divert funds to various bank accounts in the United States causing the company losses worth crores.</p>.<p>The fraudulent transactions have been found to have occurred between March 3, 2019 and April 29, 2019 after the company conducted an internal inquiry based on a complaint from one of their clients’ stating they found irregularities in transactions.</p>.<p>Fake email floated</p>.<p>Further inquiries found that Kamaiah not only floated a fake email to carry out illegal transactions, but also deleted all financial transaction details soon after transferring $8,55,000 to various overseas accounts with the help of his associate Lam in the United States.</p>.<p>Internal inquiry</p>.<p>The city police have sought the report on the internal inquiry by the company and are investigating further. They have also summoned Kamaiah for questioning.</p>.<p>A spokesperson for HGS in a statement said, “The investigation into the matter is under way and we are cooperating with the authorities to resolve the issue in a transparent manner. We will continue to strictly monitor our processes to ensure that an incident of this nature does not repeat.”</p>
