The Central Bureau of Investigation (CBI) carried out searches at six locations regarding a Rs 661 crore misappropriation fraud involving IDFC First Bank/AU Finance Bank. These searches focused on the siphoning of government funds in eight Haryana government departments and two in Chandigarh, including the Municipal Corporation Chandigarh and CREST Chandigarh.
The search operations took place at premises in Chandigarh, Panchkula, and Delhi-NCR, including the residences of senior public servants of Haryana Cadre and M/s. Vipam Consultancy Pvt. Ltd. and its Director. The CBI revealed that public servants collaborated with bank officials to open accounts, transfer funds, and divert them, allegedly receiving benefits for their involvement.
Allegedly, M/s. Vipam Consultancy Pvt. Ltd. in Noida received the crime proceeds in an account, later transferring them to the Director’s personal account. The CBI took over one case from State Vigilance and ACB Haryana and two cases from the Economic Offences Police Station, Chandigarh, for investigation into criminal conspiracy, misappropriation of government funds, and related offenses.
After the initial investigation, CBI filed the first chargesheet in the case at the Ld. CBI Court Panchkula, detailing the involvement of public servants from Haryana Power Generation Corporation Ltd. and Haryana School Shiksha Pariyojna Parishad. The investigation agency assured that ongoing investigations across all cases aim to take action against all involved and will soon file an additional chargesheet.
