SOURCE: UNI
The Metropolitan Magistrate Court of Chennai on Friday withdrew the non-bailable warrant (NBW) issued against Vipul Joshi, Chief Financial Officer (CFO) of ideaForge Technology Limited. Vipul Joshi failed to appear in court on April 1, 2025 and could not complete the necessary bail process, due to which this warrant was issued.
The Magistrate Court had earlier ordered that all the accused would have to appear in court by April 1, 2025 and deposit a bail of Rs 25,000 and two sureties, but when the matter came to court, it was found that the accused officials presented such sureties who had nothing to do with the company. When Joshi appeared in court, the warrant was cancelled. Along with him, other company officials Ankit Mehta, Mr. Rahul Singh and Mr. Somil Gautam were also present in the court. Now the next hearing of this case will be on April 28, 2025.
What is the whole matter?
This whole matter is related to a cyber crime. The complainant has alleged that ideaForge sold him 15 drones (UAVs) for about Rs 2.2 crore, but later they were hacked and shut down. It is alleged that the company did this deliberately to harm the customer’s business and image. The complainant was using these drones in government projects worth Rs 70 crore. A complaint was lodged in the cyber crime police in this matter, after which an FIR was registered on 31 August 2023.
What did the company say in its statement?
The company issued a statement on this entire matter and said, ‘This case is related to a customer who tried to present our technology in his name. He misled the state governments by tampering with our equipment. When we stopped him from doing so, he made false allegations against us. Currently all legal steps are being taken on the advice of our lawyers and all procedures are being completed under the law.’