CHANDIGARH/SHIMLA: Central Bureau of Investigation (CBI) has filed its first chargesheet in the sensational ₹504 crore Haryana government funds misappropriation case involving officials of IDFC First Bank, AU Small Finance Bank, government employees and private persons, sending shockwaves among bank account holders in tricity and Shimla as well.
The chargesheet was filed before the Special CBI Court in Panchkula on May 21 in connection with the alleged siphoning of massive public funds from bank accounts of various Haryana government departments through criminal connivance between bank officials and public servants.
According to the CBI, 15 accused persons have been chargesheeted so far, including six officials of IDFC First Bank and AU Small Finance Bank, three Haryana government officials, representatives of shell entities and a private individual.
All accused are currently under judicial custody.
The accused have been booked for criminal conspiracy, cheating, criminal breach of trust, forgery, destruction of evidence and offences under the Prevention of Corruption Act.
Investigators said the scam involved diversion of nearly ₹504 crore through shell entities, exposing serious loopholes in banking oversight and financial monitoring systems.
The case was initially registered by the Haryana State Vigilance and Anti-Corruption Bureau before being handed over to the CBI for further investigation.
CBI sources said the probe is continuing and more chargesheets are likely as investigators examine the alleged role of other accused and possible fraud in additional departments.
The revelations have also triggered concern among bank customers in Shimla, with several account holders questioning how such a massive fraud could allegedly take place with insider involvement.
“This is deeply disturbing. If public money can be siphoned off on such a scale, ordinary customers will naturally worry about the safety and transparency of banking operations,” said a Shimla resident.
The case has once again put the spotlight on weak financial safeguards, accountability failures and growing concerns over institutional fraud in the banking sector.
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