Slug: Hi-tech cheating
BENGALURU
A major case of impersonation and financial fraud has surfaced in Bengaluru, with Mysore Mercantile Company Ltd (MMCL) alleging that a group posed as senior Corporate Social Responsibility (CSR) officials of Infosys Ltd and cheated the firm of ₹6 crore.
According to a complaint filed by MMCL executive Sridhar, the fraud took place between September 1, 2025 and March 20, 2026. The accused, identified as Gagan N Deep, along with Chetan, Tejas and others, are currently absconding.
Police said Gagan allegedly introduced himself as a Regional Head (CSR) at Infosys and claimed to be reporting to senior officials. He gained the trust of MMCL by expressing interest in funding projects undertaken by the Heggunje Rajeeva Shetty Charitable Trust in Bengaluru.
To appear credible, the accused reportedly conducted field visits in Udupi, Mangaluru and other locations, posing as company representatives and reviewing project sites. Investigators said this created the impression of a legitimate due diligence process.
The complainant was then persuaded to pay large sums as Earnest Money Deposits, claimed to be necessary for securing CSR grants. Acting on these assurances, MMCL transferred ₹6 crore through multiple demand drafts to entities such as Anitha Ventures and ANS Engineerings. An additional ₹30 lakh was allegedly handed over in cash near Devanahalli.
Police said forged sanction letters and grant agreements worth over ₹350 crore were also issued to reinforce the deception. Suspicion arose when promised funds failed to materialise and the accused became untraceable.
A case has been registered under various sections of the Bharatiya Nyaya Sanhita, including cheating, impersonation, forgery and criminal breach of trust. Police are examining documents and tracking the accused.
