₹250 CRORE FUNDS DIVERSION BY GAMESKRAFT
FORMER CFO INTO PERSONAL FUTURES & OPTIONS (F&O) TRADING WITHOUT AUTHORIZATION
THE FORMER GROUP CFO, RAMESH PRABHU, IS ACCUSED OF DIVERTING COMPANY FUNDS INTO PERSONAL FUTURES & OPTIONS (F&O) TRADING WITHOUT AUTHORIZATION.
The scale of the alleged diversion is ~ ₹231.39 crore over several years (FY 2019-20 to FY 2024-25).
Gameskraft wrote off about ₹270.43 crore as “exceptional items” in its FY 2024-25 financial statements.
Now, after the scam has come to light, the company’s internal fact-finding / forensic review uncovered the unauthorized transactions, fake accounting entries, etc.
FIR FILED
An FIR was filed on 9 September 2025 at Marathahalli police station in Bengaluru.
Charges include criminal breach of trust by employee, cheating, forgery, falsification of accounts, etc.
KEY FINDINGS
For last 6 years what the statutory auditors and Internal Auditors were doing?
Whether Corporate Governance is existing in the company?
Bad Corporate governance and vesting the entire financial power in one person's hands may be the reason for this kind of frauds
R V SECKAR, FCS, LLB 79047 19295
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