Gameskraft Accuses Ex-CFO Of Syphoning Off Company Funds

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SUMMARY

In an FIR, Gameskraft said that its former CFO Ramesh Prabhu diverted company funds for personal investments in F&O trading

The alleged diversion of funds, as per Gameskraft, resulted in losses exceeding INR 250 Cr for the company

In the FIR, Gameskraft also claimed that Prabhu admitted to the wrongdoings in an email addressed to management on March 5

Already grappling with the fallout of the ban on real-money gaming, Gameskraft is now also facing a major internal…



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Gameskraft Accuses Ex-CFO Of Syphoning Off Company Funds


SUMMARY

In an FIR, Gameskraft said that its former CFO Ramesh Prabhu diverted company funds for personal investments in F&O trading

The alleged diversion of funds, as per Gameskraft, resulted in losses exceeding INR 250 Cr for the company

In the FIR, Gameskraft also claimed that Prabhu admitted to the wrongdoings in an email addressed to management on March 5

Already grappling with the fallout of the ban on real-money gaming, Gameskraft is now also facing a major internal…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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