Who is Ramesh Prabhu? Gameskraft ex-CFO accused of siphoning funds over ₹270 crore in 5 years
An Fir was opened against Ramesh Prabhu, former financial manager of Gameskraft Technologies, and previously confessed to abuse funds for personal trade, which led to losses. LaAccording to a report by Moneycontrol, 250 Crore for the company.
On March 5, Ramesh Prabhu sent a ‘volunteer’ confession E -mail to futures and options (F&O), which he admitted to the abuse of company funds for three to four years to finance personal investments.
Who is Ramesh Prabhu?
47 -year -old Ramesh Prabhu is an accountant who joined GameSkraft as CFO in 2018. Before joining Gameskraft, he founded Three Wheel United and served as the CEO of the company. The initiative aims to provide affordable loans for Autorickshaw drivers.
Following the complaint of Gameskraft’s complaint, Fir, which was opened by a Bengaluru resident of a Bengaluru on September 9, announced that Prabhu’s actions were a serious violation of trust and accepted full responsibility for abuse. In the report, he stressed that no other employees are involved in the plan or that they are not aware of the plan.
What are the allegations against Ramesh Prabhu?
According to the Fir specified in the report, Gameskraft Prabhu La270.43 Crore and these funds used these funds for their own trade activities without the permission of the company.
In addition, under Bharatia Nyaya Sanhita (BNS), lists various crimes aligned to the provisions of the Indian Penal Code. These are theft (Chapter 303 BNS / 378 IPC), Criminal Confidence Violation (Part 316 BNS / 405 IPC), fraudulent hiding of the property (section 323 BNS / 424 IPC), forgery (chapter 335 and 336 BNS / 463 and 464 IPC) and Falsification (Part 344 /47) (344 BN / 477) and 344 BSC).
Basic Details of the Complaint
According to the complaint, the company conducted a comprehensive “finding” after the statement of Prabhu, which showed that it was carrying out unauthorized financial transactions. LaCrore between 231.39 FY20 and FY25.
From this amount, La211.53 Crore was recorded as ‘investment’ in the company’s books, which LaAs of March 31, 2024, 250.57 Crore. Moreover, LaFir said that 19.86 Crore was listed as ‘investment’ in 25 financial years. As a result, gameskraft had to write La270.43 Crore25 in financial statements.
The investigation by the company found that Prabhu had carried out these transactions through a bank account on RBL Bank, which was only under the control of RBL Bank. The report claims to direct the funds to the personal bank account through this account, while the company’s accounts were recorded as ‘investment’.
Prabhu also tampered against the company’s bank declarations and produced false investment fund extracts as proof of investments to cover up these transactions.
