Forensic audit ordered as police probe alleged financial fraud case
HYDERABAD: The city Central Crime Station (CCS) economic offences wing (EOW) police have intensified efforts to trace two prime accused, including alleged conspirator Syed Jalal, in case involving diversion of company funds worth ₹1.46 crore. Police suspect the actual amount could be much higher, prompting a forensic audit.
According to officials, Jalal, a former salesman from Aghapura, persuaded the firm’s sales and collections in-charge, Syed Salahuddin Ahmed, to divert customer payments into personal accounts. Ahmed allegedly routed funds into his own account and that of his wife, Afshan Jabeen, without the company’s knowledge.
The probe follows a complaint by Mohammed Zubair Osmani, proprietor of IPSYS and director of HOOPOE Infotech Pvt. Ltd..
Osmani stated that Ahmed, employed from November 2020 until December 18, 2025, was authorised to collect payments through company accounts or designated UPI IDs. Verification on December 15, 2025, revealed discrepancies between accounting software entries and actual bank credits, with several payments traced to unauthorised personal UPI accounts of Salahuddin and his wife, a government school teacher.
Osmani further alleged that Ahmed has issued life-threatening calls since the complaint, warning of dire consequences if the matter is not settled outside legal channels. A senior police official said a special EOW team has been constituted for the investigations.
Police are examining bank transaction details to establish evidence. A case has been registered under Crime No. 2 of 2026, invoking Sections 316(4) and 344 read with 3(5) of the Bharatiya Nyaya Sanhita, and Section 43 read with 66 of the IT Act.
