1 hour ago
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The Central Bureau of Investigation (CBI) has arrested Navneet Srivastava, a elder Indian Forest Service (IFoS) official, successful transportation with the alleged misappropriation of funds belonging to the Chandigarh Renewable Energy and Science & Technology Promotion Society (CREST).
The accused was the past Chief Executive Officer of CREST. During his tenure, funds parked successful 3 slope accounts of CREST, maintained with IDFC Bank successful Chandigarh, were allegedly diverted to assorted ammunition companies and converted for idiosyncratic usage by the beneficiaries, causing a nonaccomplishment of astir ₹75 crore to CREST.
A portion of the proceeds of alleged transgression was besides transferred into the relationship of a backstage company, wherever his woman and a adjacent comparative are directors, said the agency.
The past Project Director Sukhwinder Singh Abrol and Accountant Sahil Kukkar of CREST were earlier arrested successful the lawsuit and person already been chargesheeted. While Mr. Srivastava is successful three-day CBI remand, the different 2 are presently successful judicial custody.
The CBI took implicit the probe of the lawsuit from the Economic Offences constabulary station, Chandigarh, and has filed a chargesheet against 5 officials of the backstage bank, 2 CREST officials, 2 ammunition entities on with their partners/directors, and a backstage person.
