Panchkula, June 15 -- A Panchkula court on Saturday granted default bail to a former controller (finance and accounts) with the Haryana state agriculture marketing board (HSAMB) in the Rs.504-crore bank fraud case after the Central Bureau of Investigation (CBI) failed to file a final report against him within the statutory period prescribed under law.

Rajesh Sangwan, 51, moved an application seeking statutory/default bail in a case registered by the CBI on April 8, 2026, arguing that the investigating agency failed to file a final report against him within the mandated period.

The case pertains to an alleged fraud involving IDFC First Bank and AU Small Finance Bank, in which bank employees, government officials and private individuals a...