The Central Bureau of Investigation (CBI) has conducted searches at multiple locations in Chandigarh and Ludhiana in connection with the misappropriation of funds from IDFC First Bank accounts belonging to Chandigarh Smart City Ltd (CSCL) and the Municipal Corporation of Chandigarh.
The raids were carried out at five different locations, including residential and business premises linked to suspected beneficiaries, public servant Anubhav Mishra of CSCL, and other private entities connected to the case.
During the searches, the CBI recovered and seized various incriminating documents and articles, including digital storage devices, digital signatures, property papers, financial records, electronic devices, and other relevant evidence. The seized materials are being sent for forensic analysis.
The CBI had taken over the case from the Haryana State Vigilance and Anti-Corruption Bureau at the request of the state government.
Government funds amounting to nearly Rs 657 crore belonging to eight departments of the Haryana government and two departments of the Chandigarh administration were allegedly syphoned off through forged or non-existent fixed deposits and fraudulent debit transactions and then routed through shell entities.
So far, the CBI has filed a chargesheet against 17 accused in the Haryana case, including six bank officials from IDFC First Bank and AU Small Finance Bank, three public servants from the Haryana government, two companies and six private individuals.
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