New Delhi, June 30 -- The Central Bureau of Investigation (CBI) on Tuesday arrested Shamim Dar, then Area Head of IDFC First Bank, and Charanjeet Singh Randhawa, then Branch Manager of AU Small Finance Bank, Mohali Branch, in connection with the misappropriation of funds of Haryana Government departments through irregular investment of surplus funds in Fixed Deposits and through fraudulent transactions routed through bank accounts opened for this purpose.

According to an official release, the investigation revealed that both accused, in their respective capacities as Bank officials, played incriminating roles in facilitating the opening of bank accounts and in facilitating fraudulent transactions through which public funds were diverted....