A software job racket was busted here today with the arrest of three people, who allegedly cheated 60 unemployed youth of Rs 1.2 crore by promising them employment in multinational companies, police said.
P Rajesh, N Kishore Babu and K Anush Chaitanya floated two fake IT companies and collected Rs two lakh from each of the 60 youth for the jobs in the firms, a press release from the police said.
The trio assured the youth of placements in companies like TCS, Wipro, Tech Mahindra after they gain experience, the release said.
After collecting the sum from the job-seekers, the trio did not provide any work or salary, after which the victims lodged complaints with police, it added.
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