Noida, Feb 13 : A major fraud has been uncovered where con artists allegedly swindled ₹1.10 crore from a spiritual trust by promising to secure a ₹5 crore CSR fund. The money was collected in advance, supposedly for management and other expenses. Acting on a complaint, Sector-113 Police Station in Noida has registered a case and launched an investigation.

According to the complaint lodged by Kamalakar Mishra, a Chartered Accountant residing in Sector-75, Noida, he was formerly associated with Rudra Kripa Foundation Trust. During his time there, Chief Trustee Madhav Kant Mishra assigned him the task of raising CSR funds. To facilitate this, Mishra collaborated with businessman Sanjay Arya. In September 2019, during outreach efforts to various companies, they met Radhey Shyam Singhal, his wife Saroj Singhal, and Amit Agarwal, who claimed to represent Rajesh Exports.

The accused allegedly assured them of securing ₹5.5 crore as CSR funding. They demanded ₹1.10 crore upfront for management and related expenses, guaranteeing the transfer of the funds via RTGS within a week. The transaction occurred in Sector-75.

However, when the promised funds did not appear in the trust’s account as scheduled, the accused initially requested more time. Later, they started making excuses and became evasive. After several months, they issued two cheques worth ₹25 lakh and ₹28 lakh, but both cheques bounced. They also provided a Demand Draft of ₹80 lakh, which was found to be counterfeit.

Following the complaint, Sector-113 Police Station registered the case and initiated an investigation into the alleged fraud.