Hyderabad: Rachakonda police on Sunday busted a major job fraud racket where the suspects, are all engineering graduates, lured job aspirants in the name of jobs in IT and ITES firms with projects abroad.
The suspects were identified as Potireddy Chanda Shekar Reddy from AP, Nakkinti Subash Kumar from Odisha, Yadagani Balaji from AP and Kagitala Habeeb from Hyderabad.
Using the identity proofs of the candidates who approached them, they created salary accounts in various banks and using the credentials, procured credit cards in the name of the aspirants.
The suspects who cheated more than 50 aspirants collected Rs 50,000 from each and looted all to the tune of around Rs 15 lakh in the past six months. Police arrested four persons and recovered Rs 5 lakh cash, laptops, mobile phones and other incriminating material from their possession.
DCP Malkajgiri Umashanker Sharma said that the accused used to impersonate themselves with different names to trap aspirants. They introduced themselves as employees of Xevax Pharma Private limited, Stannum IT Solutions Private Limited and Haptic Technologies.
They got their companies registered with the Registrar of Companies and also opened accounts in different banks for financial transactions.
They uploaded the details of their companies in job portals saying that they have vacancies in IT & ITES firms and called for candidates. When the candidates approached, they collected copies of pan card, voter identity card, photograph and educational qualifications and also around Rs 50,000 cash from each person. They promised a job to the candidates in any IT firm with a good salary also.
“After collecting all this, they created employee identity card and opened bank accounts in the names of these candidates for paying salary. For three months they would deposit amount in those account and apply for a credit card online. When the bank officials come for verification, they would say that the employee is on an assignment. After the verification, they got the credit card to the address given by them.” the DCP said. They use the credit cards to spend on luxuries. After spending till the credit limit, they will destroy all the proofs they submitted for credit card application and the credit card.
“When the bank staff come for recovery, they say that the employee left their organisation. This process is repeated again with some other name and bank. They managed to cheat around 50 jobless youth and looted Rs 11.5 lakh from them.” the DCP added.
