CBI Raid in Bank Fraud Case: The CBI today conducted searches at six places in Chandigarh, Panchkula and Delhi-NCR in connection with an alleged scam of Rs 661 crore involving misappropriation of government funds from departments of the Haryana government and Chandigarh administration.

As part of the ongoing investigation into the alleged misuse of funds kept in IDFC First Bank and AU Finance Bank, the CBI team has first raided the premises of senior officials of the Haryana government who were associated with the allocation of funds.

CBI team also reached Noida

The investigating agency is also targeting Noida-based Vipam Consultancy Private Limited and its directors, through whom funds are suspected to be diverted. According to the agency, eight departments of the Haryana government and two departments of the Union Territory of Chandigarh – Municipal Corporation Chandigarh and Chandigarh… were affected by this fraud.

Many evidences found in investigation

In the search conducted today, CBI has recovered many important financial documents, digital devices (laptop, phone) and records related to benami properties. An official statement said, “During the investigation, evidence has been found which shows that government employees, in connivance with bank officials, had helped in opening accounts, transferring funds and later diverting them.”

Why was the action taken?

According to the investigation, some corrupt employees of IDFC First Bank and AU Small Finance Bank, along with officials of 8 departments of Haryana Government and 2 government departments of Chandigarh Administration, had deposited the money meant for public and development works as Fixed Deposit (FD) in these banks.

Then the accused transferred that money to shell (fake) companies and personal accounts through fake checks and documents. So far 16 people have been arrested in this case. CBI has also filed the first charge sheet against 15 main accused (including 6 bank employees, 3 government officials). The next supplementary charge sheet will be filed on the basis of the evidence found in the raid conducted today.

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Bank loan fraud case: Reliance Group Chairman Anil Ambani’s troubles are constantly increasing. In the bank fraud case of Rs 2,929 crore against Anil Ambani, Reliance Communications and others, the Enforcement Directorate (ED) has registered a new case in the money laundering case.

Anil Ambani trapped badly!

Officials say that this action taken by the ED is based on the CBI report filed last month. Significantly, the Central Investigation Agency (CBI) blamed Anil Ambani and Reliance Communications for the damage done to State Bank of India. In this case, the CBI also raided the locations of the chairman of Reliance Group.

It is worth noting that earlier the CBI had registered a bank fraud case of Rs 2,929 crore against Anil Ambani’s company Reliance Communications (RCom). After this, Anil Ambani issued a statement and rejected this charge completely. A spokesman for the company had said that he had been deliberately targeted. It was also claimed that the complaint lodged by SBI is related to the case of about ten years old.

What is the whole matter?

The statement issued by the company said that the time when this is the case, Anil Ambani was a non-executive director of RCom and did not have a direct connection with the functioning of the daily company. However, after the CBI action on the entire case, the Enforcement Directorate (ED) has started investigation on the basis of suspicion of money laundering.

Another important aspect in this case is that on Tuesday, the ED also questioned Amitabh Jhunjhunwala, who was close to Anil Ambani. Even before this, Jhunjhunwala’s name has been revealed during the investigation.

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CBI raid at RS officer locations: The Central Bureau of Investigation (CBI) on Saturday (May 31, 2025) arrested a 2007 batch senior IRS officer Amit Kumar Single and a private man Harsh Kotak for taking bribe. It is alleged that the IRS officer had sought a bribe of 45 lakhs from a complainant. In return, he was promised to give relief from the Income Tax Department and the officer threatened to have legal action, heavy fines and harassment for not giving bribe.

On Saturday (May 31), the CBI registered a case in this case and while taking a bribe of Rs 25 lakh, private man Harsh Kotak caught red -handed at the IRS officer’s house in Mohali. This amount was his first installment out of 45 lakhs. After this, the IRS officer was arrested from his house in Vasant Kunj, Delhi.

Treasure in CBI raid

After this, the CBI raided several locations in Delhi, Punjab and Mumbai related to this case. In these raids, CBI has recovered 3.5 kg of gold, 2 kg silver, Rs 1 crore cash, 25 bank accounts documents, details of a locker and papers related to the property of Delhi, Mumbai and Punjab. At present, the CBI is detecting the real value and source of all these properties.

CBI The accused presented in court, got 14 days remand

According to CBI officials, both the accused were produced in court on Sunday (June 1, 2025), from where they have been sent to judicial custody for 14 days. At present, the investigation of CBI is going on continuously and there may be more big revelations in this matter in the coming time.

It is noteworthy that the arrested IRS officer Amit Kumar Single was currently posted as Editon Director General in the Directorate of Taxpayer Services in the CR Building of ITO, Delhi.