Hyderabad: Massive Corporate Fraud Uncovered as Crores in Shares Transferred via Forged Wife's Signatures
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Hyderabad: Husband Forges Wife's Signatures, Transfers Crores in Shares in Massive Corporate Fraud
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News18•22-02-2026, 06:16
Hyderabad: Husband Forges Wife's Signatures, Transfers Crores in Shares in Massive Corporate Fraud
•A major corporate fraud uncovered in Hyderabad involving a husband forging his wife's signatures to illegally transfer company shares worth hundreds of crores.
•Bhavana Gupta, holding 50% stake in 'Parksville Research and Consulting Private Limited', was defrauded by her husband Sahil Singla and associates.
•Exploiting Bhavana's illness, Sahil obtained signatures on blank papers and cheques, then forged them to transfer shares to Pazan K BB and Mandhala Aruna.
•Accused diverted Rs. 10-12 crores from company revenue for personal use and transferred Rs. 5 crores to 'Seshachal Technologies'.
•Shell companies 'Parksville Research Private Limited' and 'Parksville Hosting Private Limited' were created with diverted funds, and share value was drastically reduced.
