Chandigarh, July 8 (SocialNews.XYZ) The Central Bureau of Investigation (CBI) has arrested two officials of the Haryana Labour Welfare Board (HLWB) in connection with the alleged misappropriation of government funds from the Board's account maintained with the Sector-32 branch of IDFC First Bank in Chandigarh, an official statement said on Wednesday.
The arrested officials have been identified as Accounts Officer Jugal Kishor and contractual Accountant Amit Kumar.
The case was taken over by the CBI on a reference from the Haryana government.
The investigation uncovered incriminating evidence against Jugal Kishor and Amit Kumar, following which both were arrested. The accused were produced before a competent court, which sent them to CBI custody.
According to the agency, its investigation revealed that government funds amounting to Rs 50 crore were siphoned off from the HLWB account through fraudulent debit transactions and diverted to shell entities, including Capco Fintech Services, SRR Planning Gurus Private Limited, and Swastik Desh Projects.
The agency said the HLWB fraud is part of a larger banking scam linked to the Sector-32 branch of IDFC First Bank, Chandigarh, where government funds worth about Rs 504 crore belonging to eight Haryana government departments were allegedly siphoned off through forged or non-existent fixed deposits and fraudulent debit transactions. The funds were subsequently routed through shell entities.
The CBI had taken over the probe from the State Vigilance and Anti-Corruption Bureau, Haryana, at the request of the state government.
So far, the agency has filed charge sheets against 17 accused in the case, including six officials of IDFC First Bank and AU Small Finance Bank, three Haryana government employees, two companies and six private individuals.
The CBI said it remains committed to identifying the complete trail of the misappropriated public funds, tracing the proceeds of crime and bringing all those involved to justice.
Source: IANS
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