The ED has now filed a prosecution complaint against 9 accused and attached assets worth ₹131 crore.
According to the ED, fake bank accounts were created in the name of the Municipal Corporation, Panchkula using forged documents. Funds were then diverted from the Corporation’s genuine accounts into these unauthorised accounts.
The investigation has now moved into the prosecution stage.
The luxury cars will probably grab most of the attention, but what really stood out was something else…With so many checks and approvals in place, how does something like this slip through the system?