A bank official named Pushpender Singh has been arrested in a ₹160 crore scam involving the Municipal Corporation Panchkula. He earlier worked as the branch manager in Panchkula and later got promoted as a Deputy VP of Kotak Mahindra Bank. He is the sixth person taken into custody in the case and will be produced in court on Thursday.
Alongside Pushpender Singh, authorities have also arrested government official Vikas Kaushik. Police say both main accused are blaming each other. They will be questioned together to find the truth. Both the accused allegedly used fake documents and bank accounts to siphon off government funds and transfer them for personal gain.
Another bank employee, Dileep Kumar Raghav, is also arrested. He allegedly sent fake reports to hide the fraud. In total, 6 people have been arrested so far. Around ₹150 crore was diverted, out of which one person alone reportedly received ₹70 crore. The investigation is still going on to find out how the fraud happened and who else is involved.
