Ramesh Kamaiah, a resident of Hongasandra and from Andhra Pradesh’s Chigathurpi in Anantapur district, has been arrested and remanded in police custody till May 20.
He was employed with Hinduja Global Solutions (HGS), formerly HTMT Global.
His US aide, Noah Lamb, has been named as an accused in the FIR but is absconding.
Police said this is one of the biggest insider frauds in Bengaluru’s ITeS (information technology-enabled services) sector in recent times.
HGS associate vice-president Madhusudhan DS, in a complaint to police, said the fraud was brought to their attention by a US healthcare client which noticed anomalies in the account payment process.
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