Bengaluru Police Uncover ₹6 Crore Fraud Linked to Infosys Foundation CSR Grants
Infosys Foundation CSR fund scam: ‘Accused a former contractor, misused insider knowledge to pose as regional head’
The Indian Express
Image: The Indian Express
Bengaluru police have arrested a former contractor for the Infosys Foundation, Gagan N Deep, for allegedly defrauding ₹6 crore (approximately $720,000 USD) from the Foundation's CSR grants. He misrepresented himself as a senior official, exploiting insider knowledge to facilitate fraudulent transactions with the Mysore Mercantile Company.
- 01The accused, Gagan N Deep, previously worked as a contractor for the Infosys Foundation.
- 02He misrepresented himself as the Regional Head of the Foundation to defraud ₹6 crore.
- 03Deep issued forged documents to legitimize fraudulent transactions.
- 04The case was revealed after a complaint from the Mysore Mercantile Company.
- 05Investigations are ongoing to determine if he acted alone or had accomplices.
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Bengaluru police have arrested Gagan N Deep, a former contractor for the Infosys Foundation, in connection with a ₹6 crore (approximately $720,000 USD) fraud involving Corporate Social Responsibility (CSR) grants. Deep allegedly exploited his insider knowledge of the Foundation's operations to misrepresent himself as a senior official and induced the Karnataka-based Mysore Mercantile Company to transfer funds under false pretenses. The fraudulent activities included issuing fabricated sanction letters and forged grant agreements for projects like housing and health centers. The case came to light in March 2026 when an executive from Mysore Mercantile filed a complaint against Deep. Following his arrest on April 3, police are investigating the full scope of the fraud, including the potential involvement of accomplices and the flow of funds to other entities. The Infosys Foundation has issued warnings to the public regarding unsolicited funding requests.
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This fraud case raises concerns about the integrity of CSR funding processes and could potentially lead to stricter regulations on grant disbursement.
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