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Probing ₹116 crore FDR scam: CBI seeks Chandigarh MC records
The CBI has intensified its probe into a ₹116 crore fake fixed deposit receipt scam linked to the Chandigarh municipal corporation and Chandigarh Smart City Limited funds, issuing a formal notice to the municipal commissioner and seeking extensive records. The agency is also examining potential involvement of other officials, while earlier steps included bank-related correspondence and a central investigation decision by the MC House and UT administration. The investigation track includes documents, signatures, and bank communications related to forged FDRs tied to IDFC First Bank.
Why It Matters
The case involves alleged siphoning of public funds and highlights governance and oversight concerns in municipal and city-management entities, with potential implications for accountability and financial integrity.
Timeline
4 Events
CBI formal notice to MC and takeover developments (May 15, 2026)
May 15, 2026
The CBI issued a formal notice to the municipal commissioner seeking documents related to the case, including service records, appointment letters, posting details, and handwriting samples of three individuals (Anubhav Mishra, Nalini Malik, Gurinder Singh Sodhi). It also sought details of officers who worked closely with them. The agency requested bank correspondence and information on bank accounts and FDR transactions. The UT administration had forwarded the case to the Centre, paving the way for the CBI to formally take over the investigation.
MC House approves central investigation (April 2026)
April 2026
The Chandigarh Municipal Corporation House approved a recommendation for a central investigation in April, enabling the UT administration to forward the case to the Centre.
IDFC First Bank communication (February 24, 2026)
February 24, 2026
The agency has sought the communication sent to IDFC First Bank on February 24, 2026, as part of the ongoing probe into forged FDRs associated with Chandigarh MC funds.
Bank correspondence regarding account closure (March 20, 2025)
March 20, 2025
As part of the investigation, the CBI is seeking copies of letters issued to various banks on March 20, 2025, concerning account closure in relation to the forged FDR scam linked to IDFC First Bank.