rRs.r79-cr funds diversion case | Former Panchkula MC chief Ram Kumar Singh sent to 3-day CBI custody
Panchkula, June 20 -- A local court on Friday sent suspended Haryana IAS officer and former Panchkula municipal commissioner Ram Kumar Singh to three days of Central Bureau of Investigation (CBI) custody in connection with the alleged misappropriation of Rs.79 crore from the civic body's account at IDFC First Bank's Sector 32 branch in Chandigarh.
The embezzlement is a part of a larger scam at the Sector 32 IDFC branch, in which funds to the tune of Rs.504 crore belonging to Haryana government departments were siphoned off through forged, non-existent fixed deposits, debit notes and routed to shell entities. Sharma was arrested at the CBI office in Chandigarh on the night of June 18.
The CBI, seeking Singh's custodial interrogation, sub...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.