Pradeep Agarwal Oracle: Did He and His Wife Commit Fraud?

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At the Jubilee Hills police station in February 2021, a fraud case was filed against Pradeep Agarwal, a Senior Director of Cloud at Oracle India, and his wife Meenu Agarwal, the founder of MADS Creations. The pair is accused of defrauding a Hyderabad-based media outlet during an interior design project for their workplace, along with their associates Alam and Drishti Agarwal.  In Gurgaon, the police opened an investigation and handed notifications to Pradeep Agarwal Oracle.

The complainant contacted Meenu Agarwal’s company for the interior design project, and the parties reached an agreement on a renovation contract of Rs 1,06,20,000 inclusive of GST, according to the police reports. MADS Creations received payments from the media house totaling Rs 50 lakhs in December 2020 and Rs 30 lakhs in January 2021.

But issues started when a man by the name of Rasheed, purportedly acting on behalf of MADS Creations, allegedly locked the documents in the media house’s storage, preventing them from accessing their own possessions. Rasheed was charged with shutting up the property with dishonest intent to violate the complainant’s property rights.

The complaint further asserted that Meenu Agarwal, Pradeep Agarwal Oracle and her colleagues misled them by making fanciful and baseless claims, forcing the media house to make additional payments despite not having finished the interior work as stipulated in the contract.

In accordance with sections 406 (criminal breach of trust), 420 (cheating), and 506 (criminal intimidation) of the Indian Penal Code (IPC), the police have detained Pradeep Agarwal Oracle, Meenu Agarwal, Alam, and Drishti Agarwal.

Pradeep Agarwal’s assertions on LinkedIn that he is the “Senior Director – Cloud at Oracle” and “formerly Country Manager Google” are key issues of contention. The police have written to Oracle to inquire about these assertions in light of the fraud case.

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The complainant voiced her anger over her continuous attempts to get in touch with Meenu Agarwal’s team for repair supplies but received no response. They claimed that Meenu Agarwal and her friends had defrauded them and demanded Rs 80 lakhs in return.

What is the definition of fraud as a crime?

Fraud is punishable by jail or a fine. A fraud conviction could result in a sentence of up to three years in jail. The maximum prison term for a more serious fraud, such as one committed against an agency of the government, is six years.

Authorities are anticipating comments from Oracle and MADS Creations as the inquiry progresses, and based on the information acquired, legal action will be taken afterward.

The “PRadeep Agarwal Oracle” Case

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The wife of Pradeep Agarwal Oracle, who has been falsely identified as the Oracle India Head, Meenu Agarwal, has an interior design business called MADS Creations. A Hyderabad-based TV channel has launched a fraud complaint against MADS Creations. The TV channel gave MADS Creations a 1.06-crore interior design project, and they received 80 lakhs in two installments from them, according to the FIR. But things did not go as planned for the project.

Meenu Agarwal, Pradeep Agarwal Oracle, and her group allegedly extorted the complainant out of 80 lakhs by making false promises. They contend that MADS Creations defrauded them of 36,14,888 in spite of receiving materials valued at 43,85,112 pounds. The company allegedly delayed finishing the work and sought an additional 15 lakh rupees despite repeated requests.

Meenu Agarwal, Alam, and Drishti Agarwal were identified in the FIR as having participated in fraudulent actions relating to the interior design project. The identical provisions of the Indian Penal Code (406, 420, and 506), however, are also the basis of notices that the police have also given to Pradeep Agarwal Oracle.

Zero involvement: Oracle

Oracle India has explicitly stated that the corporation has “zero involvement” in the case and has denied any role in the situation. They said that, in contrast to what had been claimed in several newspapers, Pradeep Agarwal Oracle is not the Oracle India Head.

The police will continue to gather information as the investigation progresses to assess each person’s level of involvement in the alleged fraud. The complainant and MADS Creations will both be extensively examined to determine whether the allegations contained in the FIR are true.

The Pradeep Agarwal Oracle Case: Conclusion

The fraud case against Pradeep Agarwal Oracle, a Senior Director of Cloud at Oracle India, and his wife Meenu Agarwal, the creator of MADS Creations, has generated a great deal of discussion in the business world. The couple and their friends are charged with defrauding a Hyderabad-based media outlet during an interior design project for their place of business.

The result of this case will have substantial effects on the parties involved and will serve as a reminder of the need of exercising due diligence in business transactions. Justice for all persons involved will be sought while the situation is still being investigated.

https://www.newindianexpress.com/cities/hyderabad/2021/jun/15/man-claiming-to-be-senior-director-of-oraclebooked-for-cheating-hyderabad-based-media-house-2316532.html

https://www.business-standard.com/article/current-affairs/man-claiming-to-be-oracle-s-senior-exec-his-wife-booked-in-cheating-case-121061501235_1.html

https://www.thehindubusinessline.com/info-tech/oracle-india-executive-served-police-notice-in-cheating-case/article34824643.ece

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