Three, including two women, held for ₹1.94 cr. fund misappropriation from IISc

The Sadashivanagar constabulary person arrested 2 women and a antheral accomplice moving arsenic clerks successful the Indian Institute of Science (IISc) connected declaration ground for allegedly embezzling astir ₹1.94 crore meant for the students’ question money by forging authoritative support documents .

The accused person been identified arsenic V. Soundarya, 25, R. Deepika, 25, Sachin Rao, 25.

According to police, a unit subordinate of the instauration filed a ailment connected November 1, alleging that 2 impermanent secretarial assistants edited and manipulated support orders, changed students’ slope relationship details, and diverted funds meant for question advances into the accounts of their relatives and acquaintances.

Based connected the complaint, a lawsuit was registered astatine the Sadashivanagar Police Station for transgression breach of trust, forgery, and cheating.

Acting connected credible information, the constabulary detained some women from their residences successful Hesaraghatta and Yeshwanthpur connected November 2. During interrogation, they allegedly confessed to the transgression and revealed the engagement of a antheral accomplice. The duo were produced earlier the tribunal connected November 3 and remanded successful constabulary custody.

Investigators said the women admitted to diverting funds to 16 antithetic slope accounts belonging to friends and relatives and had utilized the wealth to acquisition plots, gold, and different valuables.

Following their statement, the constabulary arrested the 3rd accused, a antheral residing adjacent Arakere connected Bannerghatta Road, connected November 9. He allegedly confessed to his role.

Between November 8 and 10, the constabulary recovered assets worthy astir ₹1 crore, including 2 plots of onshore valued astatine ₹70 to ₹80 lakh, 121 gms of golden ornaments worthy ₹15 lakh, ₹11 lakh successful cash, and a car worthy ₹10 lakh.

The 2 women person since been remanded successful judicial custody, portion the antheral accused remains successful constabulary custody. Further probe is nether mode to hint the remaining funds and place different imaginable beneficiaries, officials said.