Chandigarh, March 11 -- A day after the Chandigarh Police registered an FIR into suspected financial irregularities linked to the bank accounts of Chandigarh Smart City Limited (CSCL), another complaint was submitted by the Chandigarh Renewable Energy and Science and Technology Promotion Society (CREST), flagging financial irregularities of around Rs.80 crore with IDFC bank and seeking a detailed investigation. The Chandigarh Police on Monday registered an FIR after the Chandigarh Municipal Corporation detected suspected financial irregularities involving fixed deposits worth about Rs.116.84 crore and additional suspicious transactions of Rs.8.22 crore linked to bank accounts of the now-defunct Chandigarh Smart City Limited (CSCL). A senior officer with CREST said that while the organisation had received the funds, it wanted the entire matter to be thoroughly investigated to ensure transparency and rule out any irregularities in the transactions. The complaint has been forwarded to the investigating team for examination as part of the broader probe already initiated by the police into alleged financial mismanagement and suspicious transactions linked to Smart City funds. Police officials said the details of the transaction mentioned by CREST would be scrutinised during the course of the investigation. The Chandigarh Police are set to obtain production warrants from a court to bring accused arrested by the Haryana Vigilance Bureau in a similar bank fraud case into their custody for questioning in connection with the alleged financial irregularities involving Chandigarh Smart City Limited (CSCL) funds at an IDFC First Bank branch in Sector 32. The MC commissioner had flagged suspected fake fixed deposits worth around Rs.116.84 crore and dubious transactions totalling Rs.8.22 crore reflected in bank statements but not matching the corporation's financial records. The irregularities surfaced during the process of consolidating funds after the closure of the Chandigarh Smart City Limited project in March 2025, when its assets and financial records were transferred to the Municipal Corporation. Anubhav Mishra, an outsourced accountant from MC, who had been actively handling financial records and bank documents related to CSCL, has been missing and police are actively looking for him. Upon scrutiny, MC officials had discovered that fixed deposits amounting to Rs.116.84 crore, shown in records handed over to the corporation during the closure of CSCL, did not appear in the bank's system. The FDRs had allegedly been issued by Rishav Rishi, the then branch manager of IDFC First Bank's Sector 32 branch, during March and April 2025. Police are going to seek a production warrant of Rishav Rishi, who is currently under custody of the Haryana vigilance. The Haryana Anti-Corruption Bureau (ACB) which is investigating suspected fraudulent banking transactions amounting to Rs.590 crore involving accounts of Haryana government departments is in pursuit of a Chandigarh-based relator-cum-businessman, Vikram Wadhwa. ACB officials said Wadhwa is suspected to be the architect of the scam involving government funds. A senior Chandigarh Police official said that they are also suspecting the role of Wadhwa in the fraud as accused in both cases are linked. Taking serious cognisance of alleged scam involving Rs.116.84 crore 'ghost' fixed deposits in Chandigarh Smart City Ltd. (CSCL), Chandigarh mayor Saurabh Joshi has sought an immediate inquiry and a detailed action-taken report (ATR) from the commissioner, Municipal Corporation, Chandigarh. "The municipal commissioner has been requested to submit a detailed action-taken report within five working days, including identification of responsible officials, progress of the investigation, and the current status of discrepancies in the FDRs and bank statements," he said. Joshi recommended a comprehensive forensic audit of all bank accounts, financial transactions and investments of Chandigarh Smart City Ltd. since its inception through a reputed independent third-party auditing agency, in order to ensure transparency and restore public confidence. Meanwhile, AAP Chandigarh president Vijay Pal Singh said the fraud exposes the risks of assigning sensitive financial responsibilities to outsourced staff without adequate institutional accountability. Expressing concern and outrage over the scam, Chandigarh Congress president HS Lucky termed it extremely shocking and demanded a high-level and impartial inquiry into the entire matter....