The Central Crime Branch (CCB) officials on Monday busted a gang of five, allegedly running a CSR fund racket to offer crores of rupees to businessmen and NGOs from corporate funds and pocketing the commission. The police recovered ₹30 crore in fake currency of ₹500 and ₹2,000 denominations and ₹23.4 lakh in cash from them.
Explaining the modus operandi, City Police Commissioner B. Dayananda said that the accused would approach businessmen, NGOs, and trusts offering to get CSR funds from corporate houses and demand 40% commission.
The accused even showed the fake currency neatly packed in boxes ready to be delivered through video calls to lure the victims. Once the commission amount was transferred, the accused would hoodwink the victims and escape.
