Former ED Officer Somasekhar faces charges of fraud and misuse of power

A serious case of financial fraud has emerged involving former Enforcement Directorate (ED) officer Somasekhar, who is accused of using his position to orchestrate a major scam. Somasekhar, who served as the Assistant Director at the ED branch in Bengaluru, has been named in an FIR filed at the Peenya police station. The case has been registered under Sections 120B (Criminal conspiracy), 406 (Criminal breach of trust), and 420 (Cheating) of the Indian Penal Code (IPC).

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According to the FIR, Somasekhar, along with his son, started a company called Wafe Engineering Private Limited in 2021. The company, which was initially intended for business purposes, is now at the center of allegations of fraud. The complaint was lodged by Suhas, a former director of Wafe Engineering, who accused Somasekhar and his son of financial misconduct. The allegations suggest that Somasekhar misused his government position and used his son to carry out business transactions, including the purchase of machinery from a company called CNCTech Pvt. Ltd. for a sum of Rs 2.15 crore, without fulfilling the order.

Somashekhar is accused of taking control of Wafe Engineering, even though Suhas was the marketing director, and orchestrating fraudulent business deals through shell companies. These companies, namely Ind Axis Consultancy Services and Maylar Packaging, were reportedly set up to carry out fraudulent transactions, causing a loss of Rs 80 lakh to Wafe Engineering.

The investigation has revealed that Somasekhar utilized his authority within the ED to conceal these fraudulent activities. He is also accused of trying to cover up these acts and using his influence to manipulate legal proceedings. Currently, Peenya police are continuing their investigation into the matter.