Ex-Panchkula civic chief Ram Kumar Singh not cooperating in IDFC Bank case: CBI

In its application for the 14-day judicial custody of the accused, the central agency informed the court that its investigation had revealed Singh’s role in the fraud when he was the municipal corporation commissioner and the commissioner of the Kalka municipal council.

According to the application, CBI investigators confronted the accused with evidence relating to opening a new account in IDFC First Bank’s Chandigarh Sector 32 branch, the process of calling quotations for fixed deposits, and SMS alerts received on registered mobile numbers linked to the accounts. The accused were also questioned about the steps allegedly taken after learning of the fraudulent transactions and account statements received on registered mobile numbers.

The agency further claimed that digital evidence indicated that money was delivered by carriers, and sought explanations regarding where the alleged ill-gotten funds were ultimately parked. Both accused were questioned about their communications with co-accused people and, significantly, the deletion of related data from their mobile devices.

The agency also confronted them regarding handing over cheques to co-accused people to allegedly siphon off funds, when they became aware of the fraud, and whether any advantages were received in return for favours extended to other accused people.

Details regarding other bank officials, government functionaries, and private individuals who may have facilitated the alleged fraud were sought from the two accused.

The CBI sleuths also questioned them as to why funds were allegedly transferred to shell companies and subsequently routed back to government accounts without any apparent justification. Another issue raised during interrogation was why cheques were issued for the creation of fixed deposits in the same bank when a letter would have sufficed.

In its application, the agency described the matter as a “large-scale, multi-layered fraud by way of fraudulent banking operations and fictitious transactions to divert Government funds in shell entities in connivance with public servants”.

Funds trail still being traced: CBI

The agency said unauthorised transactions in bank accounts opened by various Haryana government departments had been identified and that the role of other accused people, including public servants, was still under investigation.

The agency informed the court that it was scrutinising documents recovered during searches conducted at the residences of Singh and Sharma. It further submitted that investigators were still tracing the trail of misappropriated government funds and had yet to ascertain the involvement of other people, including senior government functionaries.

The agency argued that the accused wield considerable influence over people connected with the alleged conspiracy, including subordinate officials and material witnesses.

The agency further submitted that despite being confronted with evidence, the accused had remained non-cooperative and failed to provide plausible explanations for incriminating materials placed before them. It also alleged that digital evidence had been deleted or destroyed from mobile devices and that the proceeds of crime, including properties and gold allegedly purchased using siphoned funds, were yet to be identified and recovered.

The agency has already filed a final report and supplementary report against several accused in the case, while further investigation remains open against the remaining departments and suspects.