Archive · 23 Jul 2026
CBI searches in Chandigarh over ₹504 crore bank fraud
The Central Bureau of Investigation (CBI) is looking into a big money problem involving the Municipal Corporation Chandigarh and a bank.
They searched five places in Chandigarh and Ludhiana to find out what happened to ₹504 crore.
They found important papers and digital stuff that might show where the money went.
They are also asking about a government officer's trips abroad.
The officer hasn't been blamed yet, and the investigation is still going on.
The CBI has already charged 17 people in this case.
CBI conducted searches at five locations in Chandigarh and Ludhiana.
Investigation involves alleged misappropriation of ₹504 crore from Municipal Corporation Chandigarh and Chandigarh Smart City Limited.
Documents and electronic records seized during the searches.
CBI seeking details of IAS officer Mohammad Shayin's foreign travel since 2011.
17 accused have already been chargesheeted in the case.
- Who
- Central Bureau of Investigation (CBI), Municipal Corporation Chandigarh, Chandigarh Smart City Limited (CSCL), IDFC First Bank, AU Small Finance Bank
- What
- Searches and investigation into a ₹504 crore bank fraud
- When
- Thursday
- Where
- Chandigarh, Ludhiana
- Why
- To trace the movement of public funds and identify beneficiaries of the alleged fraud
CBI's Investigation
IAS Officer's Position
Investigation Scope
CBI's Investigation
The CBI is conducting searches and investigations to trace the movement of public funds and identify beneficiaries of the alleged fraud.
IAS Officer's Position
The IAS officer, Mohammad Shayin, has not been named as an accused and is cooperating with the investigation.
- Amount Involved
- ₹504 crore
- Locations Searched
- Chandigarh, Ludhiana
- Agency Involved
- Central Bureau of Investigation (CBI)
- Entities Involved
- Municipal Corporation Chandigarh, Chandigarh Smart City Limited (CSCL), IDFC First Bank, AU Small Finance Bank
- Number of Accused
- 17