The defence counsel for the accused in multiple financial fraud cases in Haryana and Chandigarh have contested the allegations, claiming false implication and lack of evidence. They said the investigation is speculative, lacks direct material linking the accused, and targets scapegoats while shielding actual perpetrators.
IDFC First Bank Rs 590-crore fraud
All accused are in judicial custody. Six vehicles, including three Toyota Fortuners, two Innovas and one Mercedes, have been seized. Over 100 bank accounts have been flagged for freezing. The bank later pegged the amount at Rs 645 crore and said it has been returned to Haryana government departments. The state has recommended a CBI probe.
Kotak Mahindra Bank Rs 158 crore fraud
The bank has returned Rs 127 crore to the Municipal Corporation.
IDFC First Bank Rs 116 crore fraud
FIR registered on March 9 under Sections 316(5), 318(4), 336(3), 338, 340(2), 61(2) of BNS 2023 at the Economic Offences Wing, Sector-17, Chandigarh, on a complaint by Amit Kumar, MC Commissioner. More arrests are likely.
IDFC First Bank Rs 83 crore fraud
FIR registered on March 12 under Sections 316(5), 318(4), 336(3), 338, 340(2), 61(2) of BNS at the Economic Offences Wing, Sector-17, Chandigarh, on a complaint by Sukhvinder Singh. Investigation is ongoing.
Defence counsel statements
Advocate Vishal Garg Narwana, counsel for Vikram Wadhwa, said his client is innocent and has been falsely implicated to hush up the matter.
Advocate Deepanshu Bansal, counsel for Rishav Rishi, said the allegations are baseless and lack evidence. He said the case relates to discrepancies during the transition of accounts from CSCL to the Municipal Corporation.
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Advocate Shahzad Singh, counsel for Abhay Kumar, said the FIR does not attribute any clear role and that the investigation is targeting scapegoats.
Advocate A S Sukhija, counsel for Seema Dhiman, said there is no material to show her involvement and that her name figures only on allegations of conspiracy.
