Case On Firm Staffer For ₹3 Lakh Fund Diversion
The company hired one Srikanth Reddy as sales executive. In December 2025, a client informed the management of the company that the full amount for the project had already been transferred to Srikanth Reddy’s bank account, but the project was not completed: Reports
HYDERABAD: Jubilee Hills police have registered a case against the employee of Freedom Screens India LLP for allegedly diverting ₹3 lakh funds without the knowledge of company management.
According to police, a complaint was received from Dhruv Dilip Patel, wherein it was stated that a company named Freedom Screens India LLP located on Road No. 9, Jubilee Hills, was established in 2014.
The company hired one Srikanth Reddy as sales executive. In December 2025, a client informed the management of the company that the full amount for the project had already been transferred to Srikanth Reddy’s bank account, but the project was not completed.
“When questioned, Srikanth Reddy failed to come up with a satisfactory explanation about the money he received in his personal bank account and later transferring it to the company’s account.
He was terminated from the service immediately. Subsequently, Kumar Naik was hired in his place. When Kumar Naik contacted clients, they informed him that Srikanth Reddy had promised them a reduction in the GST and instructed them to transfer advance amount directly to his personal bank account.
Upon verification, it was found that Srikanth Reddy had collected a sum of ₹3 lakh from clients and diverted the funds into his personal bank account,” the complainant stated in his report filed before the police.
The case was registered by the police, based on his complaint.
