CBI Arrests 2 Haryana Officials in Rs 50 Cr Embezzlement

New Delhi, Jul 8 (PTI) The CBI has arrested two Haryana Labour Welfare Board officials for alleged embezzlement of Rs 50 crore from the board's account maintained at IDFC First Bank, officials said on Wednesday.

The alleged fraud is part of a larger scam at the Sector-32 Branch of IDFC First Bank, Chandigarh, wherein Haryana government funds of Rs 504 crore belonging to eight state government departments were siphoned off through forged fixed deposits and fraudulent debit transactions and subsequently routed through shell entities, CBI's spokesperson said in a statement.


The agency arrested accounts officer Jugal Kishor and accountant Amit Kumar(contractual) in connection with the alleged misappropriation, the spokesperson said.

"The case was taken over by the CBI on a reference of the government of Haryana. Investigation revealed that government funds amounting to Rs 50 crore, were misappropriated from the account of HLWB through fraudulent debit transactions and diverted to shell entities, namely Capco Fintech Services, SRR Planning Gurus Private Limited and Swastik Desh Projects," the spokesperson said.

The CBI said it found incriminating evidence against Kishore and Kumar, following which both were arrested.