Bengaluru: Each year, thousands of workers come to Bengaluru, the capital of Karnataka, in pursuit of employment in India’s Silicon Valley. The emergence of a sizable employment market is accompanied by headhunters and organisations that aid in job searching.
The Chief Executive Officer of one such employment agency, however, was detained in Bengaluru for allegedly defrauding job seekers of their money.
22 victims filed complaints against C. S. Sudheer, the founder and CEO of the IndianMoney Ffreedom app, and the company’s staff, leading to their placement in judicial custody. Among the firm personnel mentioned in the complaint are the Manager and HR.
In the case, C. S. Sudheer will be questioned.
Many victims have expressed their dissatisfaction over the app IndianMoney Ffreedom’s requirement that users pay $2,999 to enrol. In exchange, the business promised the applicants a part-time position paid $15,000 per month.
When IndianMoney Freedom failed to follow through on their promises, the victims went ahead and filed a complaint with Bengaluru.
The job-hunting software required the applicants to ask others to spend $2,999 to subscribe. The job seekers approached friends and family between November and April to sign up for the app.
Those who fell short of the goals were asked to make up the difference. One of the victims reportedly informed that those who met the goal were promised positions in corporate headquarters with salaries and bonuses reaching about 60,000 per month.
In the end, no jobs were ever offered.
The company increased the aim to Rs. 1 lakh and offered hopefuls a job in telemarketing as a result of the victims’ persistent bombardment of inquiries, according to the victims’ statements. To increase subscriptions, they were required to spend nine to twelve hours working in an office. The contenders objected to this action and quit.
On April 4, one complainant filed the initial case against the CEO, and 21 more complainants were cited as witnesses. A second victim and 20 other people filed the second case on April 11.
In one of the instances, Sudheer was granted bail; nevertheless, he was detained after a new case was brought against him.
The victims’ stolen money has not yet been recovered by police.
An investment advising boutique firm offers specialised investment services for insurance, loans, property, tax, and other financial matters, according to the Ffreedom app from IndianMoney.