CBI conducts searches in Haryana bank scam (Img: Internet)
New Delhi: The Central Bureau of Investigation (CBI) has intensified its investigation into the alleged Haryana government funds scam linked to IDFC First Bank and AU Small Finance Bank by conducting searches at multiple locations in Chandigarh and Panchkula.
According to an official statement issued on Thursday, the searches were carried out on May 14 as part of an ongoing probe into the alleged fraudulent diversion and misappropriation of government funds.
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The case was transferred to the CBI by the Haryana government for a detailed investigation into alleged irregularities involving bank officials and public servants.
Investigators suspect that certain officials of IDFC First Bank and AU Small Finance Bank worked in connivance with employees from different Haryana government departments to siphon off public money through fraudulent transactions and forged financial activities.
The CBI conducted searches at seven locations linked to the accused and suspected beneficiaries. The raids covered residential premises, jewellery showrooms, business establishments and offices connected to individuals believed to have benefited from the alleged fraud.
Officials said several incriminating materials were recovered during the operation. These include financial documents, transaction records and digital devices that may provide further evidence regarding the movement and use of the allegedly misappropriated funds.
The agency stated that digital evidence and financial records connected to the case have been seized for forensic examination. Investigators are now analysing banking transactions, property records and communication details to trace the flow of funds and identify the full network involved in the scam.
The CBI confirmed that 16 accused persons have already been arrested in connection with the case. The agency said the investigation is being conducted on priority and several fresh leads are currently under examination.
Officials added that further action, including additional searches and questioning of suspects, may follow as the probe progresses. The CBI reiterated its commitment to carrying out a comprehensive and time-bound investigation into the alleged fraud involving public funds.
