Information technology (IT) company Happiest Minds Technologies on June 1 denied any connection to the bank account implicated in the Karnataka Valmiki Corporation case, asserting that the account in question does not belong to the company. The company further said RBL Bank authorities have confirmed the bank account doesn’t belong to the company.
“We are also pursuing all legal avenues available to us to protect our company's reputation,” the Bengaluru-based company said in a statement.
Happiest Minds’ name appears in a letter that Additional Chief Secretary (Scheduled Tribes Welfare) N Manjunatha Prasad sent to RBL Bank Managing Director and Chief Executive R Subramaniakumar on Friday.
A post by the official handle of the Karnataka BJP on X (formerly Twitter) had said Additional Chief Secretary of Scheduled Tribal Welfare Department had requested RBL Bank to freeze funds and return Rs 89.63 crore. It is alleged that funds were misappropriated.
In the letter, it is alleged that funds were disbursed based on forged documents and signatures for schemes under the Karnataka Valmiki Corporation.
Happiest Minds said this is a deliberate attempt to link the company to such activity and that it is a blatant fabrication. “We have always upheld the highest standards of business ethics and corporate governance. We are deeply disappointed that our name has been erroneously dragged into this matter,” the Ashok Soota-promoted company said.
The company expressed confidence that a thorough investigation will uncover the truth and expose those behind these false and baseless accusations.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
