Chandigarh, May 12 -- The Punjab and Haryana high court (HC) on Monday asked Chandigarh police to explain under what authority it had sought the de-freezing of at least four IDFC Bank accounts linked to the Rs.200-crore MC and CREST funds' fraud case, after the investigation had already been transferred to the Central Bureau of Investigation (CBI).

Hearing a petition filed by the bank, the bench of chief justice Sheel Nagu and justice Sanjiv Berry sought a response from the UT police by May 14. The bank had moved a plea, seeking safeguards to prevent the dissipation of the siphoned off funds into the accounts beneficiaries identified in the case.

The bank had also sought directions to the Enforcement Directorate (ED) to provide informat...