Chandigarh, June 17 -- The Central Bureau of Investigation (CBI) on Wednesday arrested Navneet Srivastava, a senior Indian Forest Service (IFoS) Officer, in connection with the fund misappropriation from the IDFC bank account, according to an official statement.

The accused, who was the then CEO, Chandigarh Renewable Energy and Science & Technology Promotion Society (CREST), Chandigarh UT, has been produced before the Special Judge, CBI, Chandigarh and has been remanded to police custody for three days.

The arrest was made after his role was revealed during the ongoing investigation in the case.

Investigation revealed that funds parked in three bank accounts of CREST, maintained with IDFC Bank at Chandigarh, were fraudulently misapprop...