While 60 employees say their salaries have been pending since 2021, the company says new owners have refused to retain staff
Employees of a US-based consulting firm have sent a legal notice to its owners — three businessmen of Telugu origin — for allegedly defrauding them of millions of dollars. In their notice, employees have claimed that Kalyan Pathuri, Suresh Doki, and Naveen Doki, the proprietors of Akvarr, headquartered in Maryland, have not only failed to clear their accumulated salaries since 2021 but have also stopped monthly payments since June 2024.
According to them, trouble started after Akvarr was acquired by Futuris in October 2021, and the 60-odd staff — working remotely from across the US — were merged with the parent firm.
The majority of these employees migrated to America over 15 years ago and belong to different Indian states, including Andhra Pradesh, Telangana, Madhya Pradesh, and Tamil Nadu. Employees claim that each of them has anywhere between $30,000 (₹25 lakh approx) and $250,000 (₹2.1 crore approx) pending with the trio.
BREACH OF CONTRACT
RISK OF DEPORTATION
Apart from resulting in financial crises, the non-payment of dues has left many employees running the risk of losing their H1B visa status and being deported to India. Some of them told TOI that they are struggling to find employment to keep their visas ‘active’ due to stringent H1B visa regulations.
“It took us time to realise we were being deceived. I have been defrauded of $130,000 (Rs 1.09 crore). We worked in small, remote teams, so we didn’t know each other well. Every time we asked about our accumulated payments, we were told it would be paid next month. When the monthly salaries also stopped, I learned from my team that this was part of a larger scam,” said another a 41-year-old employee who has worked with the firm for six years.
According to the employees, the management has completely abandoned them and is paying no heed to their repeated emails and calls.
“Since June, my healthcare coverage for myself and my child has been terminated. I am at risk of losing my house, car, and life in the US after 19 years here. I may have to start all over again in India or another country, which would cause immense disruption and stress for my family,” said a 43-year-old software developer who has been with the company for over a decade.
‘New firm refused to retain staff’
When TOI reached out to the management, it stated that Akvarr — which was acquired by Futuris in 2021 — has now been sold to a third party. “Since June 1, the company has been acquired by a third-party firm, which took over all assets and employees.
However, the new company has refused to retain the employees.” When questioned about releasing the accumulated salaries of its former employees the company spokesperson claimed that releasing those funds was always at the discretion of the firm and depended on the company’s profitability.