New Delhi [India], June 30 (ANI): The Central Bureau of Investigation (CBI) on Tuesday arrested Shamim Dar, then Area Head of IDFC First Bank, and Charanjeet Singh Randhawa, then Branch Manager of AU Small Finance Bank, Mohali Branch, in connection with the misappropriation of funds of Haryana Government departments through irregular investment of surplus funds in Fixed Deposits and through fraudulent transactions routed through bank accounts opened for this purpose.
According to an official release, the investigation revealed that both accused, in their respective capacities as Bank officials, played incriminating roles in facilitating the opening of bank accounts and in facilitating fraudulent transactions through which public funds were diverted.
During the investigation, incriminating evidence against them was collected. They have been arrested and are being produced before the learned Spl. Judge (CBI) Panchkula.
The statement noted that the CBI had taken over the investigation from the State Vigilance and Anti-Corruption Bureau, Haryana, on the request of the State Government.
The fraud was perpetrated at the Sector 32 IDFC First Bank branch, Chandigarh, in which funds to the tune of Rs. 504 crore of 8 Haryana Government departments were siphoned off through forged / non-existent Fixed Deposits / Debit notes and routed to shell entities, the release said.
So far, 17 accused have been chargesheeted by the CBI in this Haryana case, which includes 6 Bank officials of IDFC First Bank / AU Small Finance Bank, 3 public servants of Haryana Government, 2 companies and 6 Private persons.
The statement further stated that CBI has also taken over 2 other cases from the Chandigarh Union Territory, one pertaining to Chandigarh Smart City (CSCL) / Chandigarh Municipal Corporation and another pertaining to CREST Chandigarh.
One chargesheet each in these cases has also been filed by the CBI. The CBI has chargesheeted 5 bankers, 1 CSCL official and 1 private person in the CSCL case; and 5 bankers, 2 CREST officials, 4 private persons and 2 companies in the CREST case.
The CBI remains committed to bringing all those responsible to justice and to ensuring that the trail of misappropriated public funds is fully traced. (ANI)
