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The Central Bureau of Investigation (CBI) has conducted searches at six locations across Chandigarh, Panchkula and the Delhi-NCR region as part of its investigation into an alleged ₹661-crore misappropriation of government funds linked to accounts maintained with IDFC First Bank and AU Small Finance Bank.
The searches, carried out on June 6, covered the residences of senior Haryana cadre public servants as well as premises linked to M/s Vipam Consultancy Pvt. Ltd. and its director.
The agency said the action was taken in connection with alleged irregularities in the diversion of government funds and the receipt of proceeds of crime.
According to the CBI, the case pertains to the alleged siphoning of funds belonging to eight departments of the Haryana government and two departments of the Union Territory of Chandigarh — Municipal Corporation Chandigarh and CREST Chandigarh.
The agency said evidence gathered during the investigation suggests that certain public servants allegedly colluded with bank officials and facilitated the opening of accounts, transfer of funds and their subsequent diversion.
It alleged that the officials received undue advantages in return for their facilitation and inaction.
The CBI further alleged that M/s Vipam Consultancy Pvt. Ltd. received proceeds of crime into its accounts, which were subsequently transferred to the personal account of the company's director.
During the searches, investigators seized incriminating documents, digital devices, property documents and other material relevant to the investigation.
The agency is probing three cases after taking over one case registered by the Haryana Vigilance and Anti-Corruption Bureau and two cases originally registered at the Economic Offences Police Station, Chandigarh.
The cases relate to allegations of criminal conspiracy, misappropriation of government funds and related offences allegedly committed in connivance with bank officials and public servants.
According to the CBI, the alleged fraud affected eight departments of the Haryana government and two Chandigarh administration departments, leading to the misappropriation of ₹661 crore in government funds.
The agency said it has already filed its first chargesheet before the CBI court in Panchkula after completing the initial phase of the investigation.
The chargesheet details the alleged role of public servants from Haryana Power Generation Corporation Ltd. and Haryana School Shiksha Pariyojna Parishad, and outlines the modus operandi allegedly used to siphon off government funds parked with IDFC First Bank and AU Small Finance Bank.
The investigation in all three cases is continuing, the CBI said, adding that further action is being taken against all those found involved.
Additional chargesheets are expected to be filed as the probe progresses.
The searches, carried out on June 6, covered the residences of senior Haryana cadre public servants as well as premises linked to M/s Vipam Consultancy Pvt. Ltd. and its director.
The agency said the action was taken in connection with alleged irregularities in the diversion of government funds and the receipt of proceeds of crime.
According to the CBI, the case pertains to the alleged siphoning of funds belonging to eight departments of the Haryana government and two departments of the Union Territory of Chandigarh — Municipal Corporation Chandigarh and CREST Chandigarh.
The agency said evidence gathered during the investigation suggests that certain public servants allegedly colluded with bank officials and facilitated the opening of accounts, transfer of funds and their subsequent diversion.
It alleged that the officials received undue advantages in return for their facilitation and inaction.
The CBI further alleged that M/s Vipam Consultancy Pvt. Ltd. received proceeds of crime into its accounts, which were subsequently transferred to the personal account of the company's director.
During the searches, investigators seized incriminating documents, digital devices, property documents and other material relevant to the investigation.
The agency is probing three cases after taking over one case registered by the Haryana Vigilance and Anti-Corruption Bureau and two cases originally registered at the Economic Offences Police Station, Chandigarh.
The cases relate to allegations of criminal conspiracy, misappropriation of government funds and related offences allegedly committed in connivance with bank officials and public servants.
According to the CBI, the alleged fraud affected eight departments of the Haryana government and two Chandigarh administration departments, leading to the misappropriation of ₹661 crore in government funds.
The agency said it has already filed its first chargesheet before the CBI court in Panchkula after completing the initial phase of the investigation.
The chargesheet details the alleged role of public servants from Haryana Power Generation Corporation Ltd. and Haryana School Shiksha Pariyojna Parishad, and outlines the modus operandi allegedly used to siphon off government funds parked with IDFC First Bank and AU Small Finance Bank.
The investigation in all three cases is continuing, the CBI said, adding that further action is being taken against all those found involved.
Additional chargesheets are expected to be filed as the probe progresses.
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