Face2News/Chandigarh
The Uttar Haryana Bijli Vitran Nigam Limited (UHBVNL) has dismissed its Chief Financial Officer, Amit Dewan, with immediate effect, following serious allegations of financial fraud, corruption, and misuse of government funds during his tenure on deputation as Director Finance at Haryana Power Generation Corporation Limited (HPGCL).
The dismissal order was issued by the Managing Director, UHBVNL, after an extensive investigation into fraudulent banking transactions, forged financial records, and alleged diversion of public money. The case, initially investigated by the State Vigilance & Anti-Corruption Bureau, has now been transferred to the Central Bureau of Investigation (CBI) for further probe.
According to the findings of the investigation, Sh. Amit Dewan allegedly conspired with certain bank officials to siphon off government funds through unauthorized banking operations. It was revealed that HPGCL funds were transferred to accounts in IDFC First Bank and AU Small Finance Bank in violation of prescribed government norms and empanelment guidelines.
Investigators found that in one case, a deposit amounting to Rs. 50 crore was credited into an account where subsequent Fixed Deposit Records were allegedly forged, while several unauthorized and fraudulent transactions were carried out.
The investigation further uncovered evidence, including Call Detail Record (CDR) analysis and witness statements, suggesting that Sh. Amit Dewan received illegal gratification in return for compromising the interests of the power utility. It has specifically been alleged that he accepted Rs. 50 lakh on January 6, 2026, as part of the corrupt arrangement.
Sh. Amit Dewan was arrested on March 18, 2026, and had remained under suspension pending further action. Following a detailed review of the case, the Competent Authority concluded that his conduct was “most reprehensible” and had seriously damaged the image and credibility of the State Government and its power utilities.
The dismissal order further notes that conducting a regular departmental enquiry was not reasonably practicable in the present circumstances due to the possibility of tampering with evidence and influencing subordinate officials during the ongoing investigation.
Invoking the provisions of the Uttar Haryana Bijli Vitran Nigam Employees (Punishment & Appeal) Regulations, 2018, UHBVNL has permanently removed Sh. Amit Dewan from service in order to safeguard public interest, uphold administrative integrity, and maintain organizational discipline.
