Bengaluru: A major fraud involving approximately ₹1.9 crore meant for students' foreign travel in the prestigious Indian Institute of Science (IISc) in Bengaluru has come to light. Sadashivanagar police have arrested three accused, including two women, in connection with the scam.

Crime Committed by IISc Contract Staff

The accused involved in the fraud were working at the IISc institution on an outsourced basis.The arrested women are Deepika and Soundarya, who were working as temporary assistant secretaries. Following their interrogation, police learned about the involvement of a friend and subsequently arrested a third accused named Sachin Rao.

How the Money Was Misappropriated

The accused carried out the fraud by misusing sensitive documents related to the students.

* Forged documents related to students' foreign travel were created. Crucially, they edited the students' financial accounts and transferred the money meant for the students' accounts to their family members' accounts instead.

* In this manner, a total of ₹1.9 crore meant for foreign travel advances was misappropriated.

Assets Seized from the Accused.

After arresting the accused, Sadashivanagar police seized substantial assets and cash from them:

* Documents for two houses, Cash worth ₹70 to 80 lakh Gold ornaments worth ₹15 lakh, ₹11 lakh in cash, A car.

Police are conducting a deeper investigation into this massive scam. The fact that such a large-scale fraud occurred at a prestigious institution, committed by outsourced staff, has caused embarrassment to the institution.