Chandigarh, March 29 -- In a major development in the multi-crore fraud involving the diversion of public funds, Chandigarh Police has arrested Sukhwinder Abrol, Project Director of CREST, in connection with an alleged cheating case involving more than Rs 83 crore.

According to police, the case pertains to FIR dated March 12, registered at Economic Offences Police Station Sector 17, Chandigarh, under multiple sections of the Bharatiya Nyaya Sanhita, following a complaint filed by the Chief Executive Officer of CREST.

Investigators said an alleged fraud amounting to Rs 83,04,85,582 was committed by accused persons identified as Abhay Kumar, Seema Dhiman, and Ribhav Rishi, all officials of IDFC FIRST Bank.

During the investigation, polic...