Tricity
CBI arrests two bank managers in ₹504-cr Haryana govt fund scam
The CBI has taken into custody two Haryana bank managers over alleged misuse of a ₹504‑crore government fund through fraudulent fixed deposits and shell entities.
Two senior managers of a Haryana‑based bank have been taken into custody by the Central Bureau of Investigation, escalating a high‑value financial scandal that has drawn state attention. The accused, identified as Shamim Dar and Charanjeet Singh Randhawa, are alleged to have facilitated fraudulent transactions and routed public money into shell entities by means of bogus fixed deposits. The case centers on a ₹504‑crore fund administered by the Haryana government, a sum that has been under scrutiny for its allocation and oversight. The CBI’s action marks a rare move by the agency to intervene in state‑level financial irregularities, signalling a broader effort to curb misuse of public resources. While the investigation continues, no further details regarding charges, court filings or the full extent of the alleged scheme have been disclosed. The arrests underscore the seriousness with which the central agency views the misuse of government funds, and they may prompt a review of banking practices linked to public money management in the region.
Source: Hindustan Times