Ramesh Prabhu, ex-CFO of Bengaluru’s Gameskraft Technologies, admitted diverting nearly ₹270 crore of company funds for personal futures and options (F&O) trading over about five years. An FIR filed on September 9 alleges he dishonestly siphoned funds without approval, causing losses exceeding ₹250 crore.
Investigations revealed unauthorized transactions amounting to ₹231.39 crore from FY20 to FY25, falsely recorded as company investments of ₹250.57 crore. Money was routed through an RBL Bank account under his control, later transferred to his personal account. He also fabricated bank and mutual fund documents to conceal this misuse.
Prabhu confessed via an email to management in March 2025 and ceased reporting to work soon after. Gameskraft terminated his employment in August. The FIR includes charges of criminal breach of trust, theft, and forgery.
This incident exposes serious governance gaps and stresses the need for stringent internal controls in startups, especially in India’s growing online gaming sector. Gameskraft continues investigating and cooperating with authorities amid ongoing legal proceedings.
The case highlights the critical importance of financial transparency and robust audits to prevent similar future breaches.
