A Panchkula court has remanded former Municipal Corporation Commissioner Ram Kumar Singh and former Development and Panchayat Department Superintendent Prince Sharma to 14 days of judicial custody in an alleged ₹661 crore bank fraud case. The CBI told the court that Singh had allegedly deleted conversations with the suspected mastermind before his arrest.
Digital Records Yield Fresh Leads
The CBI made the submission after the two accused were produced in court following the completion of their police remand. The agency said the investigation had reached a critical stage, with digital records, banking documents and other technical evidence producing fresh leads.
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The matter was initially registered as a corruption case in Panchkula and investigated at the state level. Following approvals from the Haryana and central governments, the probe was transferred to the CBI.
The agency subsequently registered a case under provisions of the Prevention of Corruption Act and the Bharatiya Nyaya Sanhita.
A chargesheet naming 13 accused was filed on May 21, 2026. A supplementary report submitted on June 12 named Vikram Wadhwa and Rajan Singh as additional accused. The CBI said the possible involvement of other officials, departments and private individuals remained under investigation.
Accused Questioned Over Accounts and Deleted Messages
Singh and Sharma were arrested on June 18 and questioned about digital records, banking documents and financial transactions collected during the probe.
Investigators examined an account opened at a private bank branch in Sector 32, fixed deposits linked to it and SMS alerts received on registered mobile numbers. The accused were also questioned about suspicious transactions and their alleged knowledge of the financial activity.
The CBI told the court that certain conversations and messages exchanged with co-accused persons had allegedly been deleted from mobile devices. The agency questioned why the communications were removed, arguing that messages supporting the accused persons’ defence would ordinarily have been retained.
Singh’s alleged role surfaced during scrutiny of administrative decisions and financial transactions undertaken during his tenure in municipal bodies. Sharma’s alleged involvement relates to activities connected with his service in the Development and Panchayat Department.
Wider Role of Officials and Entities Under Scrutiny
The investigation is examining the alleged issuance of cheques, movement of funds through several individuals and entities, and whether benefits were received in exchange for favours extended to co-accused persons.
The agency is also analysing transactions in which money was allegedly routed through shell companies before being returned to government accounts under circumstances it considers suspicious.
The potential involvement of bank officials, government employees and private individuals who may have facilitated the alleged fraud is also under examination. Investigators are seeking to establish how the funds moved, who benefited and whether there was a coordinated attempt to conceal the financial trail.
After hearing the CBI’s submissions, the court sent Singh and Sharma to judicial custody for 14 days. The investigation remains open, and further action may follow if additional evidence emerges.
