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On April 11, 2014, all three of the lawyers from the law firm MDK Law Associates which had carriage of this matter filed a motion to withdraw as counsel for Madhavi Vuppalapati, her husband Anandhan Jayaraman, Prasad Rao Guru Pandyar, Srinivas Sista, Prithvi Information Solutions Ltd. and all other defendantsin the fraud proceedings commenced by Kyko Global in Case Number 13-CV-01034. According to court documents , MDK cited the defendants’ “failure to adhere to certain agreed terms” and claimed that the “withdrawal is specifically authorized by [Rules of Professional Conduct] RPC 1.16.”Rule 1.16 sets out circumstances under which lawyers may terminate representation of their clients, and includes termination on the following grounds:
“…the client persists in a course of action involving the lawyer’s services that the lawyer reasonably believes is criminal or fraudulent;
…the client has used the lawyer’s services to perpetrate a crime of fraud;
…the client insists upon taking action that the lawyer considers repugnant or with which the lawyer has a fundamental disagreement;
…the client fails substantially to fulfill an obligation to the lawyer regarding the lawyer’s services…”Click here for a full copy of rule 1.16
Kyko Global commenced proceedings against Madhavi Vuppalapati, Anandhan Jayaraman, Prasad Rao Guru Pandyar, Srinivas Sista, Prithvi Information Solutions Ltd. and several other individuals and companies, making allegations under the Racketeer Influenced and Corrupt Organizations Act (RICO) and of financial fraud, mail fraud and wire fraud. According to KykoGlobal’s Complaint , Prithvi Information Solutions entered into an agreement with Kyko Global for factoring services. Pursuant to this agreement, Prithvi was to sell to Kyko some of its customer account receivables for IT services and authorize direct payment on those customer accounts receivable to be made to Kyko in exchange for a portion of the amount outstanding from its customers to be paid immediately by Kyko.
Prithvi is alleged to have falsified information for over two years, thereby defrauding Kyko. According to court documents, the internal investigation revealed that Madhavi Vuppalapati and Prithvi Information Solutions had “created fictitious customers and bogus invoices to deceive Kyko and obtain monies from it.” These court documents list out some of the companies that were falsely misrepresented, including big names in business such as Dick’s Sporting Goods, Enterprise Product Partners, Financial Oxygen, Huawei, and L3 Communications.
The motion to withdraw is scheduled to be heard on May 2, 2014.
Contact Info:
Name: Kiran Kulkarni
Email: Send Email
Organization: Kyko Global Inc
Address: Two Finley Road Brampton, Ontario, Canada L6T 1A9
Phone: 914-620-1170
Website: http://www.kykoglobal.com/
Release ID: 40318
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