Hyderabad: The sleuths of the Hyderabad central crime station, on 4 December, arrested three persons who had cheated their employees and failed to remit the PF and TDS.

The accused have been identified as Sanjay Kanodia (52), Seema Kanodia (48), and Bheemreddy Shamsundar Reddy (40). They had deducted the amounts for PF and TDS from their employees' salaries but failed to transfer the same to their PF and IT accounts.

The three are directors of Pervacio India Pvt. Ltd., a software company with around 61 employees. They deducted nearly Rs. 1 crores from their employees' salaries towards provident fund and TDS and failed to remit the same to the concerned departments.

The three were arrested on Monday at Hyderabad and will be produced before the court to remand for judicial custody.

Newsmeter Network

An independent digital media platform that brings you credible news stories and Analysis of current affairs as they unfold.

Next Story