Chandigarh, March 23 -- The UT police have constituted an eight-member Special Investigation Team (SIT) to probe the alleged multi-crore diversion of government funds linked to IDFC First Bank.

Chandigarh Police had registered an FIR following a complaint from the municipal corporation (MC), after detecting suspected financial irregularities involving fixed deposits worth about Rs.116.84 crore linked to the bank accounts of Chandigarh Smart City Limited (CSCL).

Police said the SIT had been tasked with conducting a comprehensive investigation into the siphoning of funds from accounts of government departments in Chandigarh and Haryana. The team will examine banking transactions, identify the role of accused persons and trace the end use ...