IDFC First Bank case: CBI arrests IAS officer Pankaj Aggarwal over government fund misappropriation
- On Monday, Additional Sessions Judge-cum-Vacation Judge Amit Sharma remanded Ram Kumar Singh and Prince Sharma to judicial custody in Panchkula following completion of their three-day remand in the Rs 79.46-crore fraud case.
- The CBI described the matter as a "large-scale, multi-layered fraud by way of fraudulent banking operations and fictitious transactions to divert government funds in shell entities in connivance with public servants." The Rs 79.46-crore fraud links to a larger Rs 590-crore IDFC First Bank scam.
- Singh, a Haryana-cadre IAS, remained non-cooperative during interrogation and allegedly deleted digital evidence from mobile devices. Investigators report proceeds of crime including gold and property purchases remain unrecovered.
- Investigation scrutiny extends to unauthorized transactions at the IDFC First Bank Panchkula Sector 32 branch where government funds were allegedly misappropriated. Investigators are also examining Singh's earlier role involving the Kalka municipal council.
- As the probe into the larger Rs 590-crore scam proceeds in Haryana, the Central Bureau argues the accused wield significant influence over subordinate officials and material witnesses, justifying extended custody.
18 Articles
18 Articles
IDFC FIRST Bank fraud: CBI arrests IAS officer who oversaw Assembly, Rajya Sabha polls in Haryana
It was during his term as Principal Secretary of School Education and Agriculture and Farmers’ Welfare Department that Pankaj Aggarwal allegedly got involved in the irregularities.
IDFC First Bank case: CBI arrests IAS officer Pankaj Aggarwal over government fund misappropriation
The CBI action relates to accounts maintained by the Haryana School Shiksha Pariyojna Parishad (HSSPP) and the Haryana State Agricultural Marketing Board (HSAMB) at the Sector 32 branch of IDFC First Bank in Chandigarh.
IDFC First Scam: CBI Arrests Senior IAS Officer Pankaj Aggarwal for Rs 60 Crore Embezzlement in Haryana
CBI arrests senior IAS officer Pankaj Aggarwal in the IDFC First Bank scam for allegedly embezzling Rs 60.54 crore from Haryana government departments. Learn how fraudulent accounts, shell entities and bank officials are linked to a wider Rs 657 crore misappropriation probe involving Chandigarh and Haryana.
CBI arrests senior IAS officer Pankaj Aggarwal in Haryana-IDFC First Bank case
IDFC Bank Haryana case: IAS officer Pankaj Aggarwal was arrested by the CBI in connection with the alleged misappropriation of ₹60.54 crore in state funds. Allegations include opening accounts in violation of guidelines and transferring excessive funds.
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