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Company Shuts After Cheating Employees To The Tune Of Rs 20 Cr
Employees of Innohub Technologies in Hyderabad’s Hi-Tec city were cheated and left in a lurch by their now former employers.
G
Guru Prasad
Hyderabad
Tue May 31 2022
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Company Shuts After Cheating Employees To The Tune Of Rs 20 Cr
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In an incident that has rattled those working in small firms, employees of Innohub Technologies in Hyderabad’s HITEC city were cheated and left in a lurch by their now former employers. The company had collected Rs 20 crore from the employees and shut shop without any notice. Meanwhile, the employees filed a cheating case against the management at the Madhapur Police Station.


The employees collected Rs 2 lakh from each employee, offering them monthly emoluments for 2 months training period. A total of Rs 20 crore was collected from them, and the employees were given two months’ training and salaries. Then the company owners simply vanished.


About two weeks back, the company’s website and emails were blocked by Innohub Technologies. When the shocked employees tried to meet the company owners, they were shocked to see that the board was removed. Realizing they were cheated, the employees then lodged a formal complaint.


However, the employees allege that the police were not taking up their case, though a week has already passed. The helpless employees have staged protests outside the police station to take action.


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Company Shuts After Cheating Employees To The Tune Of Rs 20 Cr
Company Shuts After Cheating Employees To The Tune Of Rs 20 Cr
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