Funds diversion case: Former CREST CEO sent to judicial custody
Chandigarh, June 20 -- A special CBI court in Chandigarh, on Friday, sent senior Indian Forest Service (IFoS) officer and former chief executive officer (CEO) of the Chandigarh Renewable Energy and Science & Technology Promotion Society (CREST), Navneet Srivastava, to judicial custody till July 3 in connection with the alleged diversion of nearly Rs.75 crore from the society's funds.
Srivastava was produced before the court after the completion of his CBI custody.
The Central Bureau of Investigation (CBI) had arrested Srivastava on June 17, a day after filing its first chargesheet in the case. Investigators allege that funds parked in three CREST accounts maintained with IDFC First Bank's branch in Sector 32 were siphoned off through un...
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