Chandigarh, June 16: The Central Bureau of Investigation (CBI) has filed its first charge sheet on Tuesday in the special CBI court in Chandigarh. This pertains to the misuse of funds from the Chandigarh Renewable Energy Science and Technical Promotion Society (CREST). The case involves officials from IDFC First Bank, CREST public servants, and private individuals.
A total of 13 accused have been named in the charge sheet, including five bank officials from IDFC First Bank, two government employees from CREST (Chandigarh Union Territory Administration), two fake companies, and four private individuals. All accused are currently in judicial custody. They face charges of criminal conspiracy, criminal breach of trust, fraud, forgery, destruction of evidence, and offenses under the Prevention of Corruption Act, 1988.
The current case is related to the misuse of government funds, where officials from IDFC First Bank colluded with CREST employees to withdraw ₹75.34 crores from CREST’s bank accounts. The withdrawn amount was subsequently transferred with the help of several private individuals who also benefited from these funds. The investigation is ongoing, and more charge sheets are expected to be filed in the future.
It is noteworthy that the CBI has taken on three such cases, one of which was sourced from the Haryana State Vigilance and Anti-Corruption Bureau, involving eight departments of the Haryana government. The other two cases were taken from the Economic Offenses Police Station in Chandigarh, relating to Chandigarh Smart City Limited and CREST Chandigarh. The CBI has already filed two charge sheets against 17 accused in the Haryana case and one charge sheet against seven accused in the Chandigarh Smart City project case. Today, the charge sheet against 13 accused in the CREST Chandigarh case was filed. Investigations into all three cases are ongoing.
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