Haryana: Panchkula civic body finds discrepancies of ₹150 crore in its FDRs with private bank

Haryana: Panchkula civic body finds discrepancies of ₹150 crore in its FDRs with private bank

Chandigarh, The Panchkula Municipal Corporation has found discrepancies in its Fixed Deposit Receipts with a private bank amounting to nearly ₹150 crore, a senior official said on Tuesday.

Haryana: Panchkula civic body finds discrepancies of ₹150 crore in its FDRs with private bank

"Some of the FDRs were with the bank for a long time in the Panchkula branch. Discrepancy was found when the bank was asked to transfer the funds upon maturity of one of the FDRs," Vinay Kumar, Commissioner of the Panchkula Municipal Corporation, said.

Following enquiries, the discrepancies were detected in other FDRs as well, involving a total amount of nearly ₹150 crore, he said over the phone.

"We have reported the matter to the State Vigilance," he said.

The fresh incident comes close on the heels of a matter involving the private sector IDFC First Bank, which had recently disclosed a ₹590-crore fraud committed by certain employees and others at a particular branch in Chandigarh in a specific set of Haryana state government accounts.

Haryana State Vigilance and Anti-Corruption Bureau is currently probing the matter and has made several arrests.

IDFC First Bank earlier said the fraud is "confined to a specific group of government-linked accounts within the Haryana government operated through the Chandigarh branch", and stressed that it does not extend to other customers of the branch.

In the process, the bank observed differences in the balances in the account and the balances mentioned by the Haryana government department.

The discrepancy observed was of ₹490 crore, and an additional ₹100 crore was identified by the bank, taking the total discrepancy amount to ₹590 crore.

This article was generated from an automated news agency feed without modifications to text.