Archive · 23 Jul 2026
CBI searches properties in fraud case
The CBI is investigating a big fraud where Rs 657 crore was stolen from the IDFC First Bank accounts of Chandigarh Smart City Ltd.
and Municipal Corporation Chandigarh.
They searched many places in Chandigarh and Ludhiana and found important documents and digital evidence.
The fraud happened at the Sector-32 Branch of the IDFC First Bank, where government money was taken out using fake fixed deposits and fake transactions.
The total loss to the Haryana government is Rs 504 crore, and to Chandigarh, it is Rs 153 crore.
The CBI has already filed charge sheets and arrested three senior IAS officers.
CBI conducted searches at multiple locations in Chandigarh and Ludhiana.
Total fraud amount is Rs 657 crore.
Loss to Haryana government is Rs 504 crore, and to Chandigarh, it is Rs 153 crore.
Fraud involved forged fixed deposits and fraudulent debit transactions.
CBI has filed charge sheets and arrested three senior IAS officers.
- Who
- CBI, Municipal Corporation Chandigarh, Chandigarh Smart City Limited, Anubhav Mishra, private entities
- What
- CBI searches properties in connection with Rs 657 crore fraud case
- When
- Thursday
- Where
- Chandigarh, Ludhiana
- Why
- To recover incriminating documents and articles related to the fraud
Government and Law Enforcement
Suspected Beneficiaries
Investigation and Legal Action
Government and Law Enforcement
The CBI is conducting thorough searches and investigations to recover misappropriated funds and bring the culprits to justice.
Suspected Beneficiaries
The suspected beneficiaries deny any wrongdoing and claim the transactions were legitimate.
- Total Loss to Haryana Government
- Rs 504 crore
- Total Loss to Chandigarh
- Rs 153 crore
- Total Fraud Amount
- Rs 657 crore
- Locations Searched
- Chandigarh, Ludhiana
- Investigating Agency
- CBI
