Chandigarh, April 8 -- A local court has sent Nalini Malik, former Chief Financial Officer (CFO) of Smart City Company Limited (CSCL), to judicial custody in connection with the Rs.116 crore Chandigarh municipal corporation fraud. She was the first government official to be held in the case since it surfaced on March 8. She was arrested on April 2 after a complaint filed by MC officials on March 9.

She was produced in court on Monday where the prosecution requested that she be sent to judicial custody.

The case pertains to the alleged siphoning of Rs.116 crore belonging to municipal corporation (MC) and CSCL through fake fixed deposit receipts (FDRs), which came to light last month when the civic body approached the bank seeking withdra...