Chandigarh, June 1 (IANS) The Directorate of Enforcement (ED), Chandigarh Zonal Office, has arrested real estate businessman Vikram Wadhwa under the provisions of the PMLA in connection with its ongoing investigation into the alleged Rs 645 crore IDFC First Bank fraud case, an official statement said on Monday.According to the ED, Wadhwa was arrested on May 29 under Section 19 of the PMLA.The agency’s investigation has so far revealed the alleged embezzlement of public funds amounting to approxi…
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Chandigarh, March 12 (IANS) The investigation into the IDFC First Bank scam has revealed that the main accused created several shell companies and illegally transferred government funds to various accounts, Additional Director General of Police Charu Bali, who is posted with the State Vigilance and Anti-Corruption Bureau, said on Thursday. She said preliminary investigations have revealed that funds were transferred from government department accounts to these shell companies without authorizati…