Chandigarh: A fresh financial irregularity of about ₹75.16 crore has surfaced in Chandigarh after the recent exposure of a ₹116.84 crore fake fixed deposit case involving the municipal corporation.
According to officials, the alleged fraud was detected in the account of Chandigarh Renewable Energy and Science and Technology Promotion Society (CREST).
Based on a complaint filed by the agency, Chandigarh Police registered an FIR on Thursday and launched an investigation.
Police have booked former IDFC First Bank manager Ribhav Rishi, the bank’s former employee Seema Dhiman, Abhay Kumar and other unidentified bank staff in connection with the case.
Officials said Rishi is currently lodged in a jail in Haryana. Police are preparing to bring him and other accused on production warrants for questioning. Investigators plan to interrogate them face-to-face to determine the exact roles of those involved in the alleged fraud.
According to police, the accused carried out a total of 303 transactions through which ₹75,16,04,293 was manipulated from the CREST account. Money was repeatedly withdrawn and redeposited through different transactions, allowing the irregularities to remain undetected for a long time.
The case has raised fresh concerns over financial oversight in government-linked institutions in Chandigarh.
