rRs.r116 crore fake FDR scam: Graft sections added against all accused
Chandigarh, April 17 -- The UT police added sections under the Prevention of Corruption (PC) Act on Thursday, against all accused in the alleged Rs.116 crore fake fixed deposit receipt (FDR ) fraud of Chandigarh Smart City Company Limited (CSCL) and the Rs.75 crore fraud of Chandigarh Renewable Energy & Science & Technology Promotion Society (CREST).
The case pertains to the alleged siphoning of Rs.116.84 crore belonging to the municipal corporation (MC) and CSCL through fake FDRs, which came to light last month when the civic body approached the bank seeking withdrawal or transfer of invested funds.
The Chandigarh Renewable Energy and Science & Technology Promotion Society (CREST) fraud stems from a March 10 complaint filed by the CRES...
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