CBI court expresses displeasure over delays
Chandigarh, July 9 -- The special CBI court hearing the IDFC First Bank fund diversion case has expressed displeasure over delays in removing the defects in the chargesheet. The court has directed the prosecution to ensure the presence of the investigating officer (IO) during the next hearing and ordered that the matter be brought to the notice of the CBI headquarters in New Delhi to avoid further delay in the proceedings.
Special CBI judge Bhawna Jain observed that although the CBI had filed its final report on June 16, certain objections pointed out by the ahlmad (court record keeper) were yet to be removed. The court noted that the IO, whose assistance was necessary to rectify the defects, had failed to appear despite informing the court that he would do so. The court is awaiting the ahlmad's report regarding scrutiny of documents and has listed the matter for July 18.
During the proceedings, real estate developer Vikram Wadhwa, also an accused in the case, moved an application seeking directions to the superintendent, Model Jail, Chandigarh, to produce him before a stamp vendor, stenographer, notary public and the sub-registrar for execution of a general power of attorney. The court registered the plea as an interlocutory application and sought the CBI's reply.
The special CBI court on Wednesday extended the judicial custody of former Chandigarh Renewable Energy and Science and Technology Promotion Society (CREST) chief executive officer (CEO) and senior Indian Forest Service (IFS) officer Navneet Srivastava by 14 days in connection with the alleged misappropriation of Rs.75 crore from the society's bank accounts maintained with IDFC Bank in Chandigarh.
Srivastava was produced before the court through video conferencing while the CBI sought extension of his judicial custody. After hearing the submissions, special CBI Judge Bhawna Jain allowed the application, observing that there were "reasonable grounds to remand the accused" and directed that he be produced before the court again through video conferencing on July 22, 2026.
A local court has dismissed the regular bail application of 37-year-old Neha Samar Ranga alias Neha Saini, an accused in the alleged multi-crore Panchkula municipal corporation-Kotak Mahindra Bank embezzlement case, holding that the accusations involve a serious economic offence and that prima facie material links her to the alleged money trail.
Neha, a resident of Sunny Enclave, Kharar, had sought regular bail in an FIR registered by the Haryana state vigilance and anti-corruption bureau, Panchkula on March 24. She claimed that she was merely a joint account holder in her husband's Union Bank account.
Opposing the plea, the prosecution contended that the investigation had uncovered conspiracy involving the diversion of MC funds through forged banking documents into beneficiary accounts, including one linked to the petitioner....
To read the full article or to get the complete feed from this publication, please
Contact Us.