Alert on bogus IT companies targeting BTech students

Authorities issue alert on bogus IT firms targeting BTech students

Fraudulent companies reported across Andhra Pradesh and Telangana

Concerns are being raised over the growing presence of bogus IT companies allegedly targeting unemployed youth, particularly BTech students, across Andhra Pradesh and Telangana.

These firms are reportedly operating through intermediaries and promising software jobs in exchange for large payments from candidates.

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Students allegedly charged lakhs through brokers

According to information circulating among affected groups, these companies are using brokers to approach students and collect amounts ranging from two to three lakh rupees.

The offers are presented as confirmed job placements in software roles, attracting fresh graduates seeking employment opportunities.

Short-term salaries followed by sudden closure

The pattern described indicates that such companies initially provide salaries for two to three months after onboarding candidates.

Subsequently, offices are reportedly shut down without prior notice, leaving employees without jobs and with financial losses.

Operations concentrated in Hyderabad tech hubs

These alleged bogus firms are said to be emerging primarily in Hyderabad areas including Gachibowli, Madhapur, and Ameerpet, which are known for IT and training activity.

The locations are commonly frequented by job seekers, making them a focal point for such operations.

Advisory for students and job seekers

Students are being cautioned against trusting brokers or making large payments for job offers without verification. The warning emphasises the need for vigilance while dealing with private placement claims.

Candidates are advised to avoid transferring money based on assurances from intermediaries linked to such companies.

Context of rising job fraud concerns

The issue highlights ongoing concerns around job-related fraud targeting fresh graduates in the technology sector. With increasing demand for IT jobs, unverified entities continue to exploit job seekers.

Awareness around such practices is being stressed to prevent financial loss among students entering the workforce.