Hyderabad is rising quickly, attracting many new companies. One such entrepreneur, Ravichandra Reddy, based his IT firm, Gigleaz, in Gachibowli, using round 1,200 folks by way of HR consultancies and recruitment corporations.
On the night time of ninth July 2024, eight Gigleaz workers, together with a enterprise advisor and two software program professionals, forcibly entered Reddy’s home. They assaulted Reddy and his mom earlier than kidnapping him. The group additionally stole 84 laptops, 4 vehicles, 5 cell phones, and three passports from Reddy’s home. Before leaving, they threatened Reddy’s mom, warning her to not report the incident.
Terrified, Reddy’s mom waited a day earlier than lastly submitting a criticism with the Hyderabad police on eleventh July 2024. The police started investigating, checking the backgrounds of all workers and analyzing Gigleaz’s monetary standing.
Meanwhile, former Gigleaz workers filed complaints in opposition to Reddy, accusing him of dishonest them by not paying their salaries. They claimed that they had paid ₹2-3 lakhs to recruitment corporations to get their jobs at Gigleaz and had been fired with none legitimate motive or cost of excellent salaries.
By fifteenth July 2024, the Hyderabad Police tracked Reddy to the Sunrise Hotel on the Srisailam freeway and rescued him. They arrested all eight suspects, charging them with home trespass, wrongful restraint, abduction, confinement for extortion, intimidation, and theft. Along with the stolen objects, the police seized 13 different cell phones, two vehicles, and a motorbike belonging to the culprits.
Assistant Commissioner of Police, P Venkatagiri, revealed that Reddy hadn’t paid salaries to all 1,200 workers on account of monetary difficulties. This angered the workers, who then demanded charge refunds from their respective recruitment corporations, resulting in additional tensions.
This incident highlights the extreme penalties of monetary disputes and the significance of well timed wage funds to workers.
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