Panchkula, March 27 -- A day after the state vigilance and anti-corruption bureau (ACB) registered an FIR over discrepancies in fixed deposits worth Rs.145 crore in the Panchkula Municipal Corporation (MC) accounts maintained with Kotak Mahindra Bank, the bureau arrested another accused in connection with the case. According to ACB officials, the accused, Rajat Dahra, disclosed during questioning that he had received more than Rs.60 crore from two bank accounts between 2020 and 2025. Dahra allegedly transferred this money to many other accounts, which were being investigated, the officials added. On Wednesday, police had arrested the bank's relationship manager, Dilip Kumar Raghav, who allegedly sent false reports to the Panchkula MC regarding the FDs in connivance with the key accused, resulting in serious discrepancies in the records. Dilip, a native of Kasganj district in Uttar Pradesh and currently residing in Dera Bassi, was produced in court on Thursday and sent to four-day police remand for further questioning. While the bureau sought seven days of remand, the court granted four days after hearing both sides. According to investigators, the accused was posted as a relationship manager at the bank's Sector 11 branch during the period when the alleged discrepancies occurred. The ACB sleuths informed the court that the accused had not disclosed complete facts and required sustained interrogation regarding each account maintained by Panchkula MC and the transactions linked to them. They further told the court that the roles of other bank officials, MC employees and private individuals were also under scrutiny. Additionally, the agency sought recovery of letters, vouchers and other crucial documents from the accused's residence in Uttar Pradesh. The case pertains to alleged irregularities in FDRs and bank accounts maintained by Panchkula MC at Kotak Mahindra Bank, Sector 11, Panchkula. According to the FIR, 16 fixed deposits worth Rs.145 crore, with a maturity value of around Rs.158 crore, were held in the MC accounts at the bank. Of these, 11 FDs worth Rs.59.57 crore matured on February 16, 2026. However, when officials initiated verification, inconsistencies emerged in bank statements dated February 22 and March 16, which matched neither each other nor the MC record. The balance reflected in March was Rs.2.17 crore, significantly lower than the expected Rs.50.07 crore. The bank later reported a balance of Rs.12.85 crore as of March 18, while also stating that no active term deposits existed. During verification, additional bank accounts not recorded in official MC documents also came to light, further deepening suspicion....