The Central Bureau of Investigation (CBI) filed its first chargesheet before the Court of Special Judge in Panchkula, Haryana, in connection with the large-scale misappropriation of Haryana government funds involving officials of IDFC First Bank and AU Small Finance Bank.
According to a statement by the CBI, as many as 15 people have been charge-sheeted. They are:
1. Six bank officials of IDFC First Bank and AU Small Finance Bank.
2. Three public servants of the Haryana government belonging to the Haryana Power Generation Corporation, the Development and Panchayat Dept. and the Haryana School Shiksha Pariyojna Parishad.
3. Two shell entities along with their three partners/directors, and one private person.
“All accused persons are presently under judicial custody. They have been chargesheeted for offences including Criminal Conspiracy, Criminal Breach of Trust, Cheating, Forgery, Destruction of Evidence, and offences under the Prevention of Corruption Act, 1988,” the statement read.
The complaint was lodged by Inspector Amit Kumar of the State Vigilance and Anti-Corruption Bureau, Panchkula. At present, the accused have been listed as unknown in the CBI FIR, and further identification is expected during the course of investigation, the release noted.
What's the case?
The case pertains to the alleged misappropriation of government funds to the tune of ₹504 crore, siphoned off from bank accounts of various government departments of Haryana by bank officials in “criminal connivance with public servants posted at the concerned departments”.
The case was originally registered by the State Vigilance and Anti-Corruption Bureau, Haryana, and was subsequently transferred to the CBI for investigation.
According to the FIR registered by the CBI's Economic Offences Branch-III in Delhi on 8 April, the case was re-registered after obtaining consent from both the Government of Haryana and the Government of India for extending the agency's jurisdiction to investigate the matter originally registered as FIR No. 04 dated 23 February 2026, at the State Vigilance and Anti-Corruption Bureau police station in Panchkula, according to a release, as per ANI.
The FIR invoked provisions under the Prevention of Corruption Act and multiple sections of the Bharatiya Nyaya Sanhita, including criminal breach of trust, forgery, cheating and criminal conspiracy.
Officials were quoted as saying that the investigation relates to serious allegations of systematic diversion of government funds through fraudulent financial operations and fictitious transactions, the report stated.
According to ANI, investigators have named several entities allegedly linked to the fraud, including Swastik Desh Project, SRR Planning Gurus Pvt. Ltd., Cap Co Fintech Services, and R.S. Traders, along with other associated firms and individuals suspected of operating shell accounts to syphon off public money.
