Panchkula, September 2, 2026 (Yes Punjab News)
The Central Bureau of Investigation (CBI) on Wednesday filed its third chargesheet in the case involving alleged misappropriation of Rs 504 crore in Haryana government funds maintained with IDFC First Bank and AU Small Finance Bank.
The chargesheet was filed before the Special Judge dealing with CBI cases in Panchkula against 19 accused, including six IAS officers of the Haryana cadre, three officials of IDFC First Bank, one official of AU Small Finance Bank and nine other state government officials.
The accused have been chargesheeted for offences including criminal conspiracy, cheating, destruction of evidence, forgery, use of forged documents as genuine, falsification of accounts, criminal breach of trust and abetment under the Bharatiya Nyaya Sanhita (BNS). The charges also include offences related to bribery and criminal misconduct under the Prevention of Corruption Act.
According to the CBI, its investigation established that the accused public servants, allegedly in connivance with bank officials, planned and executed the fraudulent scheme in a systematic manner.
The agency said funds belonging to eight government departments and organisations were transferred from various empanelled banks to specific branches of IDFC First Bank and AU Small Finance Bank, where the accused bank officials were posted. Bank accounts were allegedly opened at these branches as part of the conspiracy, in violation of Haryana Finance Department guidelines relating to financial prudence and fraud prevention.
The CBI alleged that the funds were subsequently misappropriated through fraudulent transactions and transferred to third parties having no connection with the government departments. The money was then layered through multiple bank accounts and converted into cash, allegedly resulting in wrongful enrichment of the accused.
The departments and organisations affected include the Department of Panchayat, Municipal Corporations of Panchkula and Kalka, Haryana School Shiksha Pariyojna Parishad (HSSPP), Haryana Labour Welfare Board (HLWB), Haryana State Agricultural Marketing Board (HSAMB), Haryana State Pollution Control Board (HSPCB) and Haryana Power Generation Corporation Ltd (HPGCL).
The CBI had taken over the investigation from the state Vigilance and Anti-Corruption Bureau following a request from the Haryana government.
Earlier, the agency had filed chargesheets against 18 other accused, including officials of IDFC First Bank and AU Small Finance Bank, government officials, private individuals and private companies. With Wednesday’s filing, the total number of people chargesheeted in the case has risen to 37.
The agency has conducted 54 searches so far and seized incriminating material, including gold worth Rs 20 crore. The CBI has also arrested 26 accused in connection with the case.
The agency has separately taken over two related cases from Chandigarh — one involving Chandigarh Smart City Limited (CSCL) and another concerning the Municipal Corporation Chandigarh and Chandigarh Renewable Energy and Science and Technology Promotion Society (CREST). Chargesheets have already been filed in both cases.
The CBI said investigation in all three cases remains ongoing against other suspects and accused.
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