New Delhi, June 7 -- The Central Bureau of Investigation (CBI) on Sunday conducted raids at six locations across Chandigarh, Panchkula and Delhi-NCR in connection with a massive Rs 661-crore government funds misappropriation case linked to IDFC First Bank and AU Finance Bank.
The raids targeted the premises of senior Haryana government officials and Noida-based Vipam Consultancy Pvt Ltd and its director.
Investigators suspect collusion between public servants and bank officials in opening accounts, transferring government funds and diverting the money for illegal gains.
According to the CBI, the fraud impacted eight Haryana government departments and two Chandigarh UT departments - Municipal Corporation Chandigarh and CREST Chandigarh.
...