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  • Suzuki Gixxer SF Gets A Price Hike Of Up To Rs 3,800
  • 1.6 ton 5 star split ACs: Top energy-efficient picks offering powerful cooling for Indian homes in 2026 (HT Tech)
  • Mina the Hollower sells 300,000 copies in 3 days, giving boost to indie gaming studios | Technology News
  • Trinamool Congress crisis: 60 MLAs back Ritabrata Banerjee after his meeting with Suvendu Adhikari in Delhi
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  • Anti-Drone tech firm employee booked for Rs 13.3L fraud | Hyderabad News
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Anti-Drone tech firm employee booked for Rs 13.3L fraud | Hyderabad News

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Anti-Drone tech firm employee booked for Rs 13.3L fraud

Hyderabad: A representative of a city-based private firm that supplies anti-drone technology to the armed forces has lodged a complaint with the Jubilee Hills police, alleging that an employee in the procurement wing misappropriated Rs 13.3 lakh.According to the complainant, P Durga Sitaram, the management detected irregularities during a routine audit at the company’s R&D facility in Jubilee Hills. An internal review flagged discrepancies in procurement transactions processed by P Jeevan, assistant manager (procurement & compliance).The complainant alleged that supplier invoices were manipulated by destroying a physical invoice that showed the original product value of Rs 2,950 and uploading another invoice for the same goods showing a value of Rs 3.2 lakh in the procurement system. The audit also reportedly uncovered multiple transactions routed through a suspected fictitious entity into the personal savings account of the accused.“The amounts are based on the preliminary findings. The company suspects a potential exposure of up to Rs 13.3 lakh, subject to completion of forensic verification and confirmation of bank payment records,” the complainant alleged.Based on the complaint, Jubilee Hills police registered a case under Sections 316(4) (criminal breach of trust by clerk or servant) and 318(2) (cheating) of the BNS. “The complainant also said that the accused recently returned around Rs 7 lakh. We are collecting evidence,” a Jubilee Hills police official said.



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Tagged: anti-drone tech firm anti-drone technology armed forces supplier Assistant Manager Procurement and Compliance bank payment records BNS section 316(4) BNS section 318(2) cheating criminal breach of trust fictitious entity forensic verification Hyderabad Indrajal internal review invoice manipulation Jubilee Hills Jubilee Hills police station misappropriation P Durga Sitaram P Jeevan personal savings account procurement fraud procurement transactions procurement wing R&D facility routine audit Rs 13.3 lakh fraud supplier invoices Times News Network

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