FIR against former Gameskraft CFO for siphoning off ₹250 Cr

Gameskraft Technologies has accused its former CFO, Ramesh Prabhu, of moving hundreds of crores from company accounts to fund his personal stock market trades. 

A criminal investigation has been launched, and an FIR has been filed.

Ramesh Prabhu, 47, is a chartered accountant who became Gameskraft’s CFO in 2018. Earlier, he co-founded Three Wheels United, a social enterprise helping autorickshaw drivers with financing. 

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At Gameskraft, he was seen as a trusted financial leader until early 2025, when his sudden disappearance and a confession email surprised his colleagues.

Between FY 2019-20 and 2024-25, Prabhu allegedly moved around ₹231 crore from company accounts to a personal account at RBL Bank. Instead of investing for the company, he used the funds to trade in futures and options (F&O), a high-risk market.

To hide the transfers, he reportedly created fake mutual fund statements and falsified company records, pretending the money was invested legitimately. However, his trades failed, leading to estimated losses of over ₹250 crore.

On March 5, 2025, Prabhu sent a confession email to Gameskraft’s management, admitting he had misused company funds. He said he acted alone and that no other employees were involved.

The confession led to an internal review, which confirmed that the company’s accounts had been manipulated. Prabhu has not returned to work since March 1 and is untraceable.

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Gameskraft filed a police complaint in Bengaluru, and on September 9, 2025, an FIR was registered at Marathahalli police station. The FIR lists offences including theft, criminal breach of trust, forgery, and falsification of accounts.

In its FY25 financial statements, the company wrote off ₹270.43 crore as “exceptional items” due to the CFO’s actions.

The fraud came at a challenging time. Despite a 12% revenue rise in FY25 (₹3,896 crore vs ₹3,475 crore in FY24), net profit fell 25% to ₹706 crore.

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