Kotak Mahindra Bank employee held for discrepancies in Panchkula Municipal Corporation's FDR

CHANDIGARH: (Mar 27) Haryana's State Vigilance and Anti-Corruption Bureau arrested two people in connection with the alleged discrepancies in Panchkula Municipal Corporation's fixed deposit receipts of nearly Rs 150 crore at a Kotak Mahindra Bank branch.

According to an official statement, Dileep Kumar Raghav, who was the relationship manager in the bank at the time of the commission of offence, was the first to be arrested on Wednesday. Another man, identified as Rajat Dahra, was arrested late Thursday night.

"The case pertains to major discrepancies found in the FDRs and bank accounts of Municipal Corporation Panchkula maintained at Kotak Mahindra Bank, Sector-11, Panchkula," the statement said.