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.