CBI arrests 2 ex-bank officials in Haryana government fraud case

CBI arrests 2 ex-bank officials in Haryana government fraud case

The Central Bureau of Investigation (CBI) has arrested two former bank officials in connection with the alleged misappropriation of funds belonging to Haryana government departments.

The accused, Shamim Dar and Charanjeet Singh Randhawa, are former employees of IDFC First Bank and AU Small Finance Bank respectively.

They have been arrested for allegedly facilitating the diversion of public funds through fraudulent banking transactions.

Dar, Randhawa helped open bank accounts for fraudulent transactions

The CBI has alleged that Dar and Randhawa helped open bank accounts used to route fraudulent transactions.

These transactions involved surplus funds of Haryana government departments, which were supposed to be invested in fixed deposits.

However, the funds were allegedly diverted through forged or non-existent Fixed Deposit (FD) receipts and unauthorized debit notes.