India, June 23 -- The Central Bureau of Investigation (CBI) has arrested senior IAS officer Pankaj Aggarwal for allegedly embezzling Rs 60.54 crore from accounts belonging to the Haryana School Shiksha Pariyojana Parishad (HSSPP) and the Haryana State Agriculture Marketing Board (HSAMB) maintained with IDFC First Bank.

According to the CBI, the alleged fraud took place during Aggarwal's tenure as Principal Secretary in the Haryana government's School Education and Agriculture departments. Investigators found that bank accounts were opened at IDFC First Bank's Chandigarh Sector 32 branch in violation of state government guidelines, and funds were subsequently transferred beyond approved limits.

The agency alleged that fraudulent transact...