CA among two held for duping MeitY of Rs 3 crore under the pretext of SAMRIDH scheme

NEW DELHI: Two persons, including a chartered accountant, have been arrested for allegedly cheating the Ministry of Electronics and Information Technology (MeitY) of over Rs 3 crore under the pretext of the government-run SAMRIDH scheme for startups, police said on Tuesday.

The accused have been identified as Prashant Agarwal, director of the HPPL Foundation, and chartered accountant Sudhanshu Kumar Rakesh. The modus operandi of the duo involved exploiting the SAMRIDH scheme by making false representations to obtain government funds, failing to transfer the money to selected startups and covering up the fraud with forged financial reports, police said.