The PM Palem police on Friday registered cases against Axalt India Private Limited managing director T. Kiran Kumar and his business partner P. Bhanu Kiran for allegedly duping youngsters by promising them jobs in IT SEZ, Visakhapatnam. The youngsters alleged that the company has cheated them and fled away after collecting over Rs. 2 crore from them.

According to the police, in November and December 2015, the company conducted campus interviews at several engineering colleges in Visakhapatnam, Kurnool and a few other places.

One of the victims said that the company men collected Rs. 60,000 to Rs. 1.5 lakh from each candidate and promised jobs in Visakhapatnam IT SEZ.

“The company claimed to have another branch in Malaysia and collected Rs 1.5 lakh from a few students in the name of overseas jobs. The issue of appointment letters and collection of amount took place simultaneously,” he said.

The company, which started in January 2016, has given salaries to a few employees in the first month, but since then none of them has received the same. When the youngsters were trying to contact the owners, their mobile phones were switched off. Suspecting something fishy, the employees approached the PM Palem police station.

PM Palem Sub-Inspector Eswar rao said that till date they received around 130 complaints from the duped persons.

The police said that cases were registered against the company MD, a native of Tirupati, and another P. Bhanu Kiran, who hails from Kurnool. Teams were formed to nab them, said the inspector.