Mega job racket busted, about 1 lakh cheated, Rs 28 crore swindled

Hyderabad: In a major job racket, close to one lakh aspiring candidates from India and abroad have been cheated for about Rs 28 crores. Cyber Police based here arrested the CEO and the Director of this Hyderabad-based company on Saturday along with its 13 employees. Meanwhile, the accused have booked for cheating and their bank accounts were frozen.

The racket came to light after city-based youth Yedukondalu Gannavarapu approached the cops on January 21.

Yedukondalu had lost $675 (about Rs 47857) which he had invested in Wisdom IT Services India Pvt Ltd, run by one Ajay Kolla. Kolla had introduced himself as the CEO of this so-called job consultancy company. Further investigation revealed that the fake company had cheated about 69,962 applicants in India alone; the financials amounting to Rs 28 crores.

Hyderabad Cyber Police further said that 35,000 foreign applicants have been conned. The Cyber-crime police found that Wisdom’s ‘head of operations’ of India and Gulf, his team leaders and sales executives began contacting job-seekers from India, Gulf and countries like the Netherlands, Jordan, UK, Sri Lanka, Australia, and Malaysia and collecting huge sums in return. Ajay had set-up this fake company in 2009. His firm offered jobs in IT and non-IT sectors. He even went ahead and registered his fraudulent company with the registrar of companies in February 2011.

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