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The key players behind multiple bank frauds | Chandigarh News

by India News Online Team
April 4, 2026
in India
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The key players behind multiple bank frauds | Chandigarh News
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A wide network of bank officials, government functionaries, real estate developers, jewellers and private individuals has emerged in the multiple frauds, with several arrests made. Here’s a look at the key accused and their alleged roles, based on agency records and court filings:

IDFC First Bank officials

Ribhav Rishi, ex-manager at Sector-32 branch, allegedly used shell entities to siphon funds.  Funds also routed to accounts held by him and his wife Divya Arora.

Priyanka Bhatoa and Anuj Kaushal, dealing heads, allegedly verified forged signatures, facilitated irregular transactions.

Abhay Kumar, relationship manager, allegedly prepared fake FDRs and bank statements using blank forms.

Seema Dhiman, ex-authoriser, is accused of approving suspicious transactions.

Arun Sharma, ex-regional head at AU Small Finance Bank, allegedly aided the conspiracy and received about Rs 10 crore, including Rs 2 crore in his account.

Private individuals and associates

Vikram Wadhwa, realtor and hotelier, allegedly routed funds to several firms.

Swati Singla and Abhishek Singla, partners in Swastik Desh, allegedly diverted large funds.

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Rajan Katodia of Sawan Jewellers allegedly recorded fictitious gold sales.

Manish Jindal, a Mohali resident, is accused of diverting funds and receiving cash and luxury items.

Haryana government officials

Rajesh Sangwan and Randhir Singh, Controllers (Finance & Accounts) with HSAMB and HSSPP, are accused of violating finance department instructions.

Naresh Kumar Bhuwani, Superintendent in the Development and Panchayat Department, is also under the scanner.

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Chandigarh Smart City/ CREST/ MC

Nalini Malik, former CFO of CSCL, allegedly created 11 fake FDRs worth Rs 116.84 crore.

Sukhvinder Singh Abrol, former CREST project director, allegedly diverted funds to shell firms and linked accounts.

Sahil Kukkar, Head of Accounts, CREST, allegedly executed transactions and received Rs 10 lakh per transaction.

Kotak Mahindra Bank

Vikas Kaushik, Senior Accounts Officer, Panchkula MC, and Pushpendra Singh, deputy vice-president of the bank, allegedly opened fake accounts using forged signatures and diverted funds.

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Dileep Kumar Raghav, ex-relationship manager, allegedly sent fake FD reports.

Rajat Dahra allegedly received over Rs 70 crore and routed funds further.

Kapil, a resident of Rajpura, allegedly received Rs 2.36 crore.

Jagpreet Singh Sandhu

Jagpreet Singh Sandhu is a Senior Correspondent at The Indian Express, based in Chandigarh. He is a veteran reporter with over a decade of experience, specializing in legal, crime, and environmental reporting across the tri-city area (Chandigarh, Mohali, and Panchkula).

Professional Background
Core Beat: He primarily covers the Punjab and Haryana High Court, District Courts, CBI Courts, and Consumer Commissions. His legal reporting is known for breaking down complex judgments and tracking long-standing criminal cases.

Environmental Reporting: Jagpreet has become a key voice in reporting on the deteriorating air quality and weather patterns in the Punjab-Haryana region.

Crime & Technology: He frequently reports on cybercrime, digital arrest scams, and the intersection of technology and law enforcement, such as the development of citizen-centric policing apps.

Recent Notable Articles (Late 2025)
His late 2025 coverage has focused on significant judicial verdicts, major financial scams, and public health concerns:

1. Legal & CBI Court Verdicts
“12 years on, CBI court acquits Haryana judge, parents in wife’s death case” (Dec 17, 2025): Detailed coverage of the acquittal of a judicial officer in a high-profile dowry death case from 2013.

“‘Wicked & evil mind’: Court gives man 30-year term for kidnapping, sexually assaulting 8-year-old” (Dec 16, 2025): A report on a stern judgment from a Chandigarh district court in a POCSO case.

“Man acquitted in rape case after victim found ‘very happy’ in wedding reception” (Dec 9, 2025): Covering a unique legal observation regarding consensual relationships and age verification.

2. Investigative & Scams
“CBI registers FIR in Rs 1.14-cr Patient Welfare Grant scam at PGIMER” (Dec 19, 2025): An exposé on how funds meant for poor patients were siphoned off through forged documents and a photocopy shop inside the PGIMER campus.

“Month-long torture, Rs 85 lakh transfers: How ‘Innocence Certificate’ led to a ‘digital arrest’ of an elderly couple” (Dec 12, 2025): Detailing a sophisticated cyber fraud targeting senior citizens in Chandigarh.

3. Environment & Public Safety
“Panchkula air turns ‘very poor’, fourth worst in country” (Dec 22, 2025): Reporting on the sudden spike in pollution levels in Panchkula compared to neighbouring cities.

“Soon, you can snap that overspeeding car, and report to Chandigarh Police” (Dec 16, 2025): Breaking news on a new mobile application being developed to allow citizens to report traffic violations via geo-tagged photos.

4. Gangster Culture & Crime
“City Beautiful in the crosshairs of gangsters” (Dec 14, 2025): A feature analysis of how Chandigarh has increasingly become a staging ground for extortion and rivalries between gangster modules.

“Shooters wanted for Parry murder held by Delhi Police Special Cell” (Dec 18, 2025): Following the developments in a high-profile murder case in Chandigarh’s Sector 26.

Signature Style
Jagpreet is recognized for his tenacious follow-up on cold cases and his ability to report on courtroom drama with a focus on victim rights. His work often highlights administrative lapses, whether in the handling of patient welfare funds or the enforcement of environmental standards. … Read More

Stay updated with the latest – Click here to follow us on Instagram

© The Indian Express Pvt Ltd





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