CBI Arrests Senior IAS Officer in ongoing IDFC First Bank Fund Misappropriation case
RaviJakhu/ Babushahi Network
The Central Bureau of Investigation (CBI) has arrested Sh.Pankaj Aggarwal, IAS on 22.06.2026, who was the then Principal Secretary in Dept. of School Education and Dept. of Agriculture, in connection with the misappropriation of government funds from the account of Haryana School Shiksha Pariyojna Parishad (HSSPP) and Haryana State Agriculture Marketing Board (HSAMB) maintained with the Sector 32, Chandigarh branch of IDFC First Bank. He will be produced before the court today.
According to the official release of CBI, the case was taken over by CBI, on the reference of Govt. of Haryana. Investigation revealed that accounts of these departments were opened in violation of extant guidelines of Finance Department of Govt. of Haryana and later funds were transferred thereto in excess of limits. These accounts were opened during tenure of Sh. Pankaj Aggarwal, the then Principal Secretary. Investigation revealed that through fraudulent transactions in the accounts of these departments, funds were misappropriated, causing net loss of Rs. 60.54 Crores to the govt. During investigation incriminating evidence against Sh.Pankaj Aggarwal have been collected.
It may be recalled that the CBI had taken over the investigation from the State Vigilance and Anti-Corruption Bureau, Haryana, on the request of the State Government. The fraud at these two departments involved misappropriation of approximately ₹ Rs. 60.54 Crores, forming part of a larger scam at the Sector 32 IDFC First Bank branch, in which funds to the tune of Rs. 504 crores of 8 Haryana Government departments were siphoned off and routed to shell entities. So far, 17 accused have been chargesheeted by the CBI in this Haryana case which includes 6 Bank officials of IDFC First Bank/AU Small Finance Bank,3 public servants of Haryana government, 2 companies and 6 Private persons.
Senior IAS officer Sh. R. K. Singh who was arrested in this case in relation with misappropriation in Municipal corporation Panchkula has been remanded to judicial custody after the expiry of his police remand.
It may further be recalled that CBI has also taken over 2 other cases from the Chandigarh Union Territory – one pertaining to Chandigarh Smart City (CSCL)/ Chandigarh Municipal Corporation and another pertaining to CREST Chandigarh. One chargesheet each in these cases have also been filed by the CBI. CBI has chrargesheeted 5 bankers, 1 CSCL official and 1 private person in CSCL case; and 5 bankers, 2 CREST officials, 4 private persons and 2 companies in CREST case. Further one senior IFoS officer has already been arrested in CREST Case.
The CBI said that it remained committed to bringing all those responsible to justice and to ensuring that the trail of misappropriated public funds is fully traced.