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CBI Arrests IAS Officer in ₹79.46 Crore Fund Diversion Case
✍️ The Hindu
🗓 18 Jun 2026, 05:01 PM
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The Central Bureau of Investigation (CBI) has apprehended an Indian Administrative Service (IAS) officer in connection with the alleged diversion of approximately ₹79.46 crore belonging to the Panchkula municipality. The case involves alleged complicity with bank officials and the use of middlemen.
An IAS officer has been taken into custody by the Central Bureau of Investigation (CBI) following allegations of diverting a substantial sum of ₹79.46 crore from the Panchkula municipality. The funds were reportedly siphoned off through a complex scheme involving intermediaries.
The alleged modus operandi involved the officer handing over signed cheques to middlemen. These cheques were ostensibly meant for opening fixed deposits with IDFC First Bank. However, investigations suggest the funds were debited from the municipality's accounts without any fixed deposits being created.
The CBI's investigation is focused on unraveling the full extent of the conspiracy and identifying all individuals involved in the alleged financial irregularities.
The alleged modus operandi involved the officer handing over signed cheques to middlemen. These cheques were ostensibly meant for opening fixed deposits with IDFC First Bank. However, investigations suggest the funds were debited from the municipality's accounts without any fixed deposits being created.
The CBI's investigation is focused on unraveling the full extent of the conspiracy and identifying all individuals involved in the alleged financial irregularities.