IT firm dupes employees of Rs 1.50 cr

Two directors of an IT firm here were booked by the police for allegedly duping a large number of its employees of nearly Rs 1.50 crore, police said today.
Police have launched a manhunt for the two directors, Chayya Singh and Yeshraj Singh, of Dehradun-headquartered PC Technology Pvt Ltd after a complaint was lodged against them yesterday with Wagle Estate Police Station, Thane Police PRO Sukhada Narkar said in a press release.
According to the complaint, as many as 600 employees of the firm's Thane office at Ashar IT Park were cheated. The office is shut since August 13 and its official website is also blocked.

"Most of them were employed in January and February, this year. The employees were recruited by taking a 'refundable deposit' of Rs 25,000 from each of them and they were assured that their money will be refunded along with monthly stipend," the official said.
The complaint alleged that the aspirants were deceitfully given jobs and were not paid salaries since joining. Some of them had even raised the issue on the company's website.
The company has also shut operations of its Begaluru, Kolkata, Visakhapatam, Dehradun, Chennai and Pune offices since the Independence Day weekend, rendering scores of its employees jobless, the PRO said.

A case under IPC section 420 (cheating), 406 (criminal breach of trust) and 34 (common intention) against the two accused.
According to a senior police officer of Wagle Estate police station, there may be some more people involved in the fraud and that so far no arrests have been made.