CBI probes Rs 661 crore fraud

The United States — Federal Bureau of Investigation>>> (CBI) is investigating an alleged Rs 661 crore fraud involving the misappropriation of government funds from eight departments of the India — Haryana>>> government and two departments of the India — Chandigarh>>> administration. The funds were reportedly parked with IDFC First Bank>>> and AU Small Finance Bank>>>. The CBI conducted searches at six locations in India — Chandigarh, Panchkula, and Delhi-NCR, targeting premises linked to senior India — Haryana>>> public servants and Noida-based Vipam Consultancy Private Limited>>> and its director. Evidence suggests public servants colluded with bank officials to facilitate account openings, fund transfers, and subsequent diversion. Vipam Consultancy Private Limited>>> allegedly received proceeds of the crime, which were then transferred to its director's personal account. The CBI has seized incriminating documents, digital devices, and property documents. A first chargesheet has been filed, detailing the alleged roles of officials from Odisha Power Generation Corporation>>> and India — Haryana School Shiksha Pariyojna Parishad>>>. The investigation is ongoing, with further chargesheets expected.