Chennai-based Stayzilla founders allege foul play as CEO is arrested

Yogendra explained two cases that had led to harassment for the founders.

CHENNAI: Even as room-aggregator start-up StayZilla’s founder Yogendra Vasupal was arrested in Chennai on charges of defrauding advertising firm Jigsaw Solutions of Rs  1.61 crore, a blog post written by Vasupal prior to being arrested and published by his wife and co-founder Rupal has alleged foul play from several sections.

Yogendra Vasupal
Yogendra Vasupal

While early reports alleged that Vasupal had confessed, an update on Wednesday denied it. “Yogendra has currently been remanded in Police custody without any CONFESSION... He was taken to the magistrate at 10.00 PM though courts do not function after 6 PM,” it said.

Yogendra explained two cases that had led to harassment for the founders. The first alleges assault and harassment from the landlord of Stayzilla’s office premises in Bengaluru. “The second case is against us from a media agency with whom the company had a dispute over deficiency of services and to whom we had asked to take it up in court,” he wrote.

He also spoke about the charge of fraud. “I was told that there is a case against me from Chennai for cheating, intimidation etc. I recognized the name of the complainant and informed them that there was a dispute between 2 companies and we had asked the other company to take it up in the court.”

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