Former Amazon employee arrested for fraudulent diversion of Rs. 3.22 crore company funds
The accused, Mettu Venkateshwarlu, and his accomplices identified certain unclaimed long-pending outstanding payments and prepared working files for bank transfers
HYDERABAD: The Economic Offences Wing (EOW) police of Cyberabad arrested an individual on Tuesday in connection with a case involving the misappropriation of funds, forgery, and cheating under the pretense of clearing full and final settlement dues for inactive or ex-employees of Amazon Development Centre (India) Pvt. Ltd.
A case was registered under Crime No. 04/2024 U/s 403, 408, 420, 467, 468, 471, 477-A, 201 r/w 120-B IPC at the EOW Police Station, Cyberabad.
The accused was identified as Mettu Venkateshwarlu, a former Senior Financial Operational Analyst-Payroll at Amazon Development Centre (India) Private Limited, Financial District, Nanakramguda, Gachibowli, Hyderabad, along with his accomplices.
The case was registered following a complaint by Ankur Sharma, Senior LER (Law Enforcement Response) Specialist at Amazon Development Centre (India) Pvt. Ltd., Financial District, Nanakramguda, Gachibowli, Hyderabad.
Accused along with his associates misdirected Rs. 3.2 crores
The primary duty and responsibility of the accused were to process and manage end-to-end payroll activities for Amazon's active employees, including the full and final settlement dues of inactive and ex-employees. However, Mettu Venkateshwarlu and his accomplices conspired to divert the full and final settlement dues of inactive and ex-employees to their accomplices' bank accounts by creating forged emails and bank statement files.
The accused, Mettu Venkateshwarlu, and his accomplices identified certain unclaimed long-pending outstanding payments and prepared working files for bank transfers. They altered the bank account numbers of these inactive/ex-employees to the bank account numbers of their accomplices, diverting an amount of Rs. 3.2 crores in the name of full and final settlement into the bank accounts of their friends and relatives from 2016 to 2023.
By misusing his official position, the accused, in collusion with his accomplices, fraudulently siphoned off Rs. 3.2 crores into 50 bank accounts of his friends and relatives. This act deprived 184 inactive/ex-employees of their dues and caused a wrongful loss of Rs. 3.22 crores to Amazon Development Centre (India) Pvt. Ltd.
The case is being investigated by M. Hussaini Naidu, Assistant Commissioner of Police, Economic Offences Wing Police Station, Cyberabad, under the supervision of K. Prasad, Deputy Commissioner of Police, EOW, Cyberabad.