The Central Bureau of Investigation (CBI) conducted searches at various locations in Chandigarh and Ludhiana related to the misappropriation of funds from IDFC First Bank accounts of Chandigarh Smart City Ltd (CSCL) and Municipal Corporation Chandigarh. These searches targeted residential and business premises of suspected beneficiaries, including former accountant Anubhav Mishra and private entities involved in the case. Incriminating documents, digital evidence, financial records, and electronic devices were seized during the operation for further investigation.
The CBI took over the inquiry from the State Vigilance and Anti-Corruption Bureau in Haryana at the state government’s request. The investigation is part of a larger banking fraud at the IDFC First Bank branch in Chandigarh, where around Rs 504 crore of government funds from eight Haryana departments were allegedly diverted through fraudulent means. Chargesheets have been filed against 17 accused, including bank officials, public servants, companies, and private individuals from Haryana.
In Chandigarh, the CBI has also assumed control of two connected cases involving CSCL, Municipal Corporation, and Chandigarh Renewable Energy and Science & Technology Promotion Society (CREST). Chargesheets have been submitted in both cases, with multiple individuals and entities facing legal action for their alleged involvement in the financial irregularities.
