The Central Bureau of Investigation (CBI) has conducted searches at six different locations in connection with an alleged Rs 661 crore fraud case in connection with money parked with IDFC First Bank and AU Finance Bank.
Searches were conducted at six locations in Chandigarh, Panchkula and Delhi-NCR in connection with an alleged fraud involving the siphoning of government funds from departments of the Haryana government and the Chandigarh administration, officials said.
The searches were carried out on Friday at premises linked to senior Haryana cadre public servants and Noida-based Vipam Consultancy Pvt Ltd and its director as part of an ongoing probe into the alleged misappropriation of funds parked with IDFC First Bank and AU Finance Bank, as per an official statement.
According to the probe, the fraud affected eight departments of the Haryana government and two departments of the Union Territory of Chandigarh, including the Municipal Corporation Chandigarh and Chandigarh Renewable Energy and Science and Technology Promotion Society (CREST).
“During investigation evidences have surfaced suggesting that the public servants had colluded with bank officials and had facilitated in opening of accounts, transfer of funds and subsequent diversion thereof,” as per CBI statement.
It alleged that the public servants received undue advantages for facilitating the transactions and failing to act against the irregularities.
According to the CBI probe, Vipam Consultancy Pvt Ltd received proceeds of crime in its bank account, which were later transferred to the personal account of its director.
“Incriminating documents, digital devices, property documents and other relevant material were seized during the search operations,” the agency said.
The CBI probe is related to one case taken over from the Haryana State Vigilance and Anti-Corruption Bureau and two cases originally registered by the Economic Offences Wing police station in Chandigarh.
The cases relate to alleged criminal conspiracy, misappropriation of government funds and related offences committed in connivance with bank officials and public servants, the agency said.
(With inputs from PTI)
CBI Raids Six Locations In Connection With IDFC First Bank-AU Finance Bank Rs 661 Crore Fraud
