Executives of Troubled AI Automation Company Arrested in Massive Fraud Scheme
By Moses Jeanfrancois
Published on April 20, 2026.
iLearningEngines, an AI platform for learning and work automation, has been charged with fraud by its founder and former CEO, Puthugramam Chidambaran, and ex-CFO Sayyed Farhan Ali Naqvi in a 10-count indictment. The company was previously accused of fabricating revenue and laying off all of its employees in February. The indictment alleges that at least 90% of iLearning’s $421 million of reported revenue in 2023 was fabricated.
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