(MOREPIC1) Face2News/Chandigarh:
The investigation into the alleged IDFC FIRST Bank scam has intensified as the State Vigilance and Anti-Corruption Bureau (SV & ACB) arrested two more accused on Saturday. Earlier, businessman Rajan Katodia had also been arrested in connection with the case.
The newly arrested accused have been identified as Randhir Singh – Controller Finance and Accounts, Haryana School Education Project Council Rajesh Sangwan – Controller Finance and Accounts, Haryana State Agricultural Marketing Board (HSAMB).
According to the police investigation, both officials allegedly played an active role in executing the fraud along with the main accused.
After their arrest, Rajan Katodia along with three other accused were produced before the court. The court sent three of the accused to four days of police remand to allow investigators to conduct detailed questioning and uncover further aspects of the scam.
Meanwhile, another accused, Ankur Sharma, has been sent to judicial custody.
Officials of SV&ACB said that the investigation is still underway. Authorities are examining additional bank documents, financial transactions, and related files linked to IDFC FIRST Bank.
Investigators believe more revelations may emerge during the probe, which could expose the broader network involved in the alleged financial fraud.
Authorities added that the case highlights serious lapses in the financial transaction monitoring and control mechanisms, and a thorough and impartial investigation is being ensured.
