Authorities in Chandigarh have launched an investigation after significant financial discrepancies were discovered in accounts linked to the Chandigarh Renewable Energy and Science & Technology Promotion Society which operates under the Chandigarh Union Territory Administration. The case was registered by the Economic Offences Police Station Chandigarh in Sector 17 following allegations of unauthorized financial activity involving accounts maintained at IDFC First Bank in Sector 32.
According to officials the case began after a complaint was filed by the Project Director of the society on behalf of the organisation’s Chief Executive Officer. The complaint stated that unauthorized withdrawals and deposits had taken place in the society’s bank accounts. Investigators said the discovery has triggered a detailed probe into the handling of funds and the possible role of individuals connected with the bank.
Police have named Abhay Kumar Seema Dhiman and Ribhav Rishi in the First Information Report along with several unidentified individuals. The case has been registered under Sections 316(5) 318(4) 336(3) 338 340(2) and 61(2) of the Bharatiya Nyaya Sanhita. Officials said the FIR was filed after preliminary checks pointed to suspicious activity in accounts linked to the government-affiliated organisation. Investigators are now reviewing the involvement of those named in the complaint and examining the operational procedures followed at the bank branch where the accounts were maintained.
The irregularities were identified during a reconciliation process where CREST’s internal financial records were compared with bank statements issued by the branch. During this review investigators detected 303 transactions involving unauthorized withdrawals and deposits. Authorities said the transactions resulted in a shortfall of ₹75,16,04,293 in the principal amount. Police are now analysing each entry in the financial records to trace how the transactions were processed and whether internal safeguards were bypassed. Officials added that the role of additional bank officials may also come under scrutiny as the investigation continues.
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