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  • Frauds by fake IT firms continue.

    The issue of sham IT companies keeps resurfacing, but till now there is no way to ensure that such companies are nabbed before the frauds are committed.

    There have been at least five to six such cases in the past year, like the latest ‘Prodigy Solutions,’ indicate officials.

    The Madhapur police is searching for more records of the fake IT company called Prodigy Solutions, that shut shop on Saturday after duping around 30,000 employees of their deposit money, ranging between Rs 50,000 to Rs 1 lakh.

    The fraud was masterminded by the CEO, Murali Radhakrishna; Srikar Reddy, Head of the Visakhapatnam branch; and head of the company’s Warangal Branch, Srikanth Reddy. The trio went missing a week ago. “We are tracking the mobile records of these three officials who are absconding and are trying to trace them,” said the Madhapur Inspector, Mr Lakshmikanth Reddy.

    While the IT minister has promised legal action against the proprietor, the industry remains at the mercy of such fraudsters as there is no background verification process in place for the proprietors of IT companies.

    Moreover, with the state government’s thrust on the IT sector, a number of companies keep launching operations and it is difficult to keep track of them.

    “It is up to the job seekers to verify the background of the companies. For instance in this case when the company had asked for deposit money, that was the time the investors should have understood that this is not the norm in the industry and should have done a background check,” said IT and ITES Association President, Mr L. Suresh.

    Police suspects that Prodigy Solutions’ CEO Murali Radhakrishna, might have absconded with at least Rs 16 crore collected from 1,600 B.Tech students and security deposits of employees, ranging from Rs 50,000 to Rs 1 lakh.

    Source : DC

  • Weightage marks in IIIT violate rules, says HC.

    HYDERABAD: Noting that it is not enough to have laudable objectives, but it is also essential to implement them in a manner that is acceptable to law, justice Naushad Ali of the AP High Court on Friday found fault with the state government and the Rajiv Gandhi technical knowledge universities in the state for filling the IIIT seats in a discriminate manner through weightage of marks in a way that is going against the very statute under which the university came into existence.

    These IIITs admit students for a six-year integrated B Tech course from amongst those who passed SSC.

    The judge declared as illegal the current granting of 4% weightage marks to the students of government schools alone.

    Several students of private schools, both aided and unaided, challenged the state’s decision to give weightage marks only to those from the government schools. They urged the court to direct the state to extend the same facility to them as well.

    Though the advocate general told the court that the objective of the state in this regard is noble as it was introduced with an aim to encourage those from the rural areas and deprived sections, the judge pointed out that this was done without amending the rules of the university.

    The judge directed the university to conduct the process of admissions in accordance with 13(4) of the University Act which means that the state has to now do it in the old manner and not with the 4% weightage marks method.

    Source : DC

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