Panchkula, Aug. 12 -- The special CBI court in Panchkula on Tuesday dismissed the bail application of Arun Sharma, 39, a former area head of IDFC First Bank and former regional manager (current accounts) of AU Small Finance Bank, in connection with the alleged Rs.550-crore fraud involving government funds in Haryana.

Special judge (CBI), Haryana, Vijayant Sehgal, dismissed Sharma's bail application, observing that the allegations involved a large-scale economic offence and that further investigation in the case was pending. The court said no ground for granting bail was made out at this stage.

The case pertains to an FIR registered by the CBI on April 8, 2026, under provisions of the Prevention of Corruption Act and the Bharatiya Nyaya ...