8 months ago
Case Filed Against Employee for ₹3 Lakh Fund Diversion
A man named Srikanth Reddy, who worked for a company called Freedom Screens India LLP, is in trouble.
He took money from the company's clients and put it into his own bank account.
The company found out when new clients said they were told to pay Srikanth directly.
The company's boss, Dhruv Dilip Patel, told the police, and now Srikanth is in legal trouble.
The police have started a case against him for taking ₹3 lakh without permission.
A case has been registered against Srikanth Reddy, a former sales executive of Freedom Screens India LLP, for diverting ₹3 lakh of company funds.
Reddy was accused of collecting advance payments directly into his personal bank account under the pretense of offering GST reductions.
The company management became aware of the issue when new clients informed the replacement employee, Kumar Naik, about Reddy's instructions.
Reddy was terminated immediately after the management questioned him about the unexplained funds in his account.
The police registered the case based on a complaint filed by Dhruv Dilip Patel, the company's management representative.
- Who
- Srikanth Reddy, a former sales executive of Freedom Screens India LLP
- What
- Diversion of ₹3 lakh funds from clients to his personal bank account
- Where
- Jubilee Hills, Hyderabad
- When
- December 2025
- Why
- To collect advance amounts directly into his personal account under the pretense of GST reduction
Key facts
- Company Name
- Freedom Screens India LLP
- Employee Name
- Srikanth Reddy
- Amount Diverted
- ₹3 lakh
- Location
- Jubilee Hills, Hyderabad
- Year Company Established
- 2014
- Complainant Name
- Dhruv Dilip Patel
- Replacement Employee
- Kumar Naik
Quotes
Dhruv Dilip Patel
Complainant and representative of Freedom Screens India LLP
“When questioned, Srikanth Reddy failed to come up with a satisfactory explanation about the money he received in his personal bank account and later transferring it to the company’s account. He was terminated from the service immediately. Subsequently, Kumar Naik was hired in his place. When Kumar Naik contacted clients, they informed him that Srikanth Reddy had promised them a reduction in the GST and instructed them to transfer advance amount directly to his personal bank account. Upon verification, it was found that Srikanth Reddy had collected a sum of ₹3 lakh from clients and diverted the funds into his personal bank account.”
deccanchronicle.com
