CBI registers two fresh FIRs in CREST, Smart City frauds case
Chandigarh, May 7 -- The Central Bureau of Investigation (CBI) has registered two FIRs in the Chandigarh Smart City Limited (CSCL) and Chandigarh Renewable Energy and Science & Technology Promotion Society (CREST) frauds case.
The Chandigarh municipal corporation (MC) detected suspected financial irregularities involving fixed deposits worth about Rs.116.84 crore and additional suspicious transactions of Rs.8.22 crore linked to bank accounts of the now-defunct CSCL along with a Rs.75-crore-financial irregularity linked to CREST, in accounts maintained with the IDFC bank.
The probe was recently handed over to the CBI and two new FIRs have been registered. The matter will come up for hearing before a local CBI court on May 13. The FIRs have been registered under various provisions of Prevention of Corruption Act and BNS and mention the accused Vikram Wadhwa, Ribhav Rishi, Nalini Malik and others. Around 10 people have been arrested in the case so far....
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