Chandigarh, Haryana’s State Vigilance and Anti-Corruption Bureau on Wednesday arrested a personal financial institution official in reference to a ₹150-crore discrepancy in accounts of Panchkula Municipal Company at a neighborhood Kotak Mahindra Financial institution department, an official stated.
Pushpender Singh, the deputy vice-president of the financial institution, who had surrendered to the bureau earlier within the day, was arrested, an official stated.
Pushpender earlier labored because the Panchkula department supervisor, and later rose to the place of senior supervisor, after which to deputy vice chairman.
The official stated that he will likely be produced earlier than a court docket in Panchkula on Thursday and his remand will likely be looked for additional questioning within the case.
Earlier, 5 individuals had been arrested in reference to the discrepancies within the civic physique’s fastened deposit receipts.
In keeping with the vigilance bureau, Vikas Kaushik, an ex-senior accounts officer of Panchkula Municipal Company, in collusion with Pushpender Singh, fraudulently opened an account every for the civic physique in 2020 and 2022.
Utilizing alleged fraudulent debit notes, the fastened deposits held within the real municipality accounts could be prematurely liquidated, and Pushpender would allegedly switch the cash to the fraudulent accounts, which had been then additional transferred to the accounts of different accused.
The municipality had earlier claimed a multi-crore mismatch in its official information and the steadiness or information mirrored in Kotak Mahindra Financial institution’s Panchkula department.
In keeping with the Panchkula municipal commissioner, the discrepancies detected within the fastened deposit receipts had been to the tune of ₹150 crore.
The vigilance bureau earlier arrested Dileep Kumar Raghav, the connection supervisor within the financial institution on the time of the fraud, and Rajat Dahra.
Preliminary investigation revealed that Raghav despatched false stories to the Panchkula Municipal Company concerning the fastened deposits.
The State Vigilance and Anti-Corruption Bureau earlier filed an FIR on dishonest, conspiracy and different costs towards unnamed financial institution officers and others.
The case was registered on the Anti-Corruption Bureau Police Station in Panchkula.
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