Investigation agencies have made a significant breakthrough in the high-profile scam case that surfaced in Haryana. A suspicious transaction trail of nearly ₹100 crore has been traced to a firm allegedly owned by a woman and her brother in Chandigarh. The Haryana State Vigilance and Anti-Corruption Bureau (ACB) has issued a Look Out Circular (LOC) against the woman, while searches are underway for her brother.
Breakthrough in ₹100 Crore Transaction Trail
According to sources, this action is part of a broader investigation into alleged irregularities involving about ₹590 crore deposited by various departments of the Haryana government in the bank. The probe has revealed that nearly ₹100 crore was transferred under suspicious circumstances into the accounts of the siblings’ firm.
Officials said the LOC issued against the woman aims to alert international airports and seaports so that she cannot leave the country. Meanwhile, efforts are being intensified to trace her brother’s location. Sources also indicated that the role of a former manager of the Chandigarh branch is under scrutiny. Reports suggest he left the bank about six months ago.
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FIR and Legal Provisions in the Scam Probe
In this case, the ACB registered an FIR on February 23 at Panchkula police station. The FIR names bank employees, personnel from other financial institutions, and unidentified public servants. The investigation is being conducted under Section 13(2) of the Prevention of Corruption Act along with provisions related to criminal breach of trust, conspiracy, cheating, and forgery.
Bank’s Response and Suspicious Transactions Identified
In its preliminary statement, the bank said some branch-level employees allegedly approved forged documents and payment instructions, possibly in collusion with external parties. However, the bank also clarified that an internal forensic audit is ongoing and regulatory agencies are being provided with complete information.
Sources said at least 391 suspicious transactions across more than 170 accounts have been identified. These accounts are believed to include those belonging to key departments of the Haryana government. In particular, ₹50 crore deposited by the Development and Panchayats Department in 2025 and another ₹25 crore deposited in a different bank are also under investigation.
Key Investigation Questions and SIT Formation
The key questions before investigators are whether the funds were transferred on the basis of authorized letters or whether bank officials acted independently. If authorization letters were issued, investigators are examining whether the concerned officials were empowered to take such decisions. It is also being probed whether the money was invested in the stock market or diverted to other sectors such as real estate.
Given the seriousness of the case, the ACB has constituted a Special Investigation Team (SIT), led by a DSP-rank officer and supervised by a senior SP-rank officer. Several suspects have already been questioned, and more arrests are expected in the coming days.
As the investigation progresses, new concerns are emerging regarding internal banking controls, monitoring mechanisms, and the security of government funds. The detection of a ₹100 crore transaction trail leading to a private firm may prove crucial in taking the probe forward in the ₹590 crore alleged irregularity case.
About the author – Ayesha Aayat is a law student and contributor covering cybercrime, online frauds, and digital safety concerns. Her writing aims to raise awareness about evolving cyber threats and legal responses.
