A software job racket was busted here today with the arrest of three people, who allegedly cheated 60 unemployed youth of Rs 1.2 crore by promising them employment in multinational companies, police said.
P Rajesh, N Kishore Babu and K Anush Chaitanya floated two fake IT companies and collected Rs two lakh from each of the 60 youth for the jobs in the firms, a press release from the police said.
The trio assured the youth of placements in companies like TCS, Wipro, Tech Mahindra after they gain experience, the release said.
After collecting the sum from the job-seekers, the trio did not provide any work or salary, after which the victims lodged complaints with police, it added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app