Chandigarh, March 25 -- Citing recent reports that an internal inquiry revealed discrepancies to the tune of approximately Rs.120-125 crore in the transfer of Chandigarh Smart City Limited (CSCL) funds to the municipal corporation, MP Manish Tewari, while speaking in the Lok Sabha, called for a time-bound and independent forensic audit of all transactions. "Alarmingly, three fraudulent debit entries amounting to over Rs.18 crore have also been detected in the MC's accounts following the transfer," he said. Tewari told the House that the inquiry points to fraudulent transactions even before CSCL's closure, involving fake fixed deposit receipts and forged bank statements - clear evidence of deliberate manipulation. "These findings point towards serious lapses in financial oversight, internal controls and verification mechanisms within both the banking channel and the MC," he pointed out. "The accountability of officials and institutions involved should be fixed," he added. The recently arrested former employees of IDFC First Bank - Ribhav Rishi, Abhay Kumar and Seema Dhiman - revealed during custodial interrogation that funds were siphoned off through a network of shell firms and routed to multiple beneficiaries, including officials of Smart City Project and Chandigarh Renewal Energy, Science and Technology Promotion Society (CREST), police informed a local court. During interrogation, the accused disclosed that they were working at IDFC First Bank, Sector 32, Chandigarh (2023-2025) and that CREST accounts were opened in connivance with certain officials. Large funds (approx Rs.75 crore) lying in CREST accounts were targeted, officials said. According to the police, the accused, in connivance with smart city and CREST officials, allegedly created multiple shell entities - CAPCO Fintech in the name of Bhupinder Singh and Sapna, wife of Hemraj (driver of Ribhav Rishi); RS Traders in the name of Hemraj and Swastik Desh Project in the name of Swati Singla and her brother - to siphon off funds. Swati Singla is wife of accused Abhay Kumar. The siphoned funds were allegedly invested in real estate projects. This was facilitated through Vikram Wadhwa, linking the financial fraud to property investments, officials said. Crucially, the accused allegedly sent forged and manipulated bank statements via official email IDs. The interrogation also revealed alleged payments of crores of rupees to Nalini Malik, chief accounts officer, Smart City Project; Narender Pal Sharma, chief executive manager, Smart City Project & Municipal Corporation and Sukhwinder Singh (complainant) and his family members (as per accused disclosures)....