Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, New Delhi, 30th June, 2026: The Central Bureau of Investigation (CBI) has arrested a senior IAS officer and two former bank officials in connection with the alleged embezzlement of Rs 504 crore from Haryana government accounts maintained with IDFC First Bank in Chandigarh, officials said on Tuesday.
According to the CBI, the arrested IAS officer, Pardeep Kumar, was serving as Member Secretary of the Haryana State Pollution Control Board (HSPCB) at the time of the alleged irregularities.
In a statement, the agency alleged that Kumar's actions led to the misappropriation of government funds, causing an estimated net loss of approximately Rs 169 crore to the state exchequer.
"The investigation has revealed that the actions of Pardeep Kumar, as Member Secretary, had a direct nexus with the fraud. He himself handled the entire investment-related work at his level. Funds for fixed deposits were sent to IDFC First Bank far in excess of the prescribed limits," the CBI said.
The agency is continuing its investigation to ascertain the full extent of the alleged fraud and the roles of other individuals involved.