There is no dearth of scams in the IT industry. Quite often, we hear about companies that disappear after looting the public’s money.
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In the latest incident, a Hyderabad-based software company turned the board after looting money from around 600 job aspirants.
Delving into details, a company based in Ayyappa Society of Madhapur, took Rs. 1.5 lakh from every job aspirant, promising them that they would be offered good jobs after training.
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However, after providing the training, the company cheated the aspirants by saying that they would offer placements, but they neither offered anything nor paid any salary.
All of a sudden, the company was shut down. After realizing that they were cheated, the victims filed a complaint at Madhapur Police Station.
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One of the victims stated that the company asked the job aspirants to pay Rs. 1.5 lakhs initially and promised to give them a job after three months of training.
The company also promised the aspirants that it would offer jobs with a salary of Rs. 15,000 a month and promised to hike it to Rs. 25,000 in the future.
However, after providing the training, the company cheated the registered people and looted all their money.
It was found that the accused company has branches in Bengaluru and Vijayawada as well. The police have registered the case and are investigating the matter.
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