The Central Bureau of Investigation (CBI) has arrested Jugal Kishor, Accounts Officer, and Amit Kumar, Accountant (Contractual), both officials of the Haryana Labour Welfare Board (HLWB), in connection with the misappropriation of government funds from the account of the HLWB maintained with the Sector-32, Chandigarh Branch of IDFC First Bank.
CBI Investigation revealed that govt. funds amounting to ₹50 Crore, were misappropriated from the account of HLWB through fraudulent debit transactions and diverted to shell entities, namely Capco Fintech Services, SRR Planning Gurus Private Limited and Swastik Desh Projects.
The fraud relating to the HLWB is a part of a larger banking fraud at the Sector-32 Branch of IDFC First Bank, Chandigarh, wherein government funds amounting to approximately ₹504 crore belonging to eight departments of the Government of Haryana were allegedly siphoned off through forged/non-existent Fixed Deposits and fraudulent debit transactions and subsequently routed through shell entities.
So far, the CBI has filed chargesheets against 17 accused in the Haryana case, including six bank officials of IDFC First Bank and AU Small Finance Bank, three public servants of the Government of Haryana, two companies and six private individuals.
Around Rs.590 crore was embezzled from the account of the Haryana Government. As per reports, some employees of the bank at its Chandigarh branch were involved in fraudulent activities involving Rs 590 crore from accounts linked to the Haryana government. Funds were illegally withdrawn from the account of the Haryana Govt and the case is under investigation.
