‘Submit records in Rs 116cr FDR scam’, CBI’s notice to MC chief

Chandigarh: The CBI has stepped up its probe into the Rs 116-crore fake fixed deposit receipt (FDR) scam linked to the Chandigarh municipal corporation and Chandigarh Smart City Limited, issuing a notice to the municipal commissioner seeking all relevant records.

The agency has sought service records, appointment orders, posting details, and specimen signatures and handwriting of dismissed accountant Anubhav Mishra, former Smart City finance officer Nalini Malik, and ex-joint commissioner Gurinder Singh Sodhi, along with details of officials who worked with them. Investigators are examining the role of all officers possibly linked to the fraud.

The CBI directed that the documents be submitted at its Anti-Corruption Branch office in Sector 30, warning of action under Section 210 of the Bharatiya Nyaya Sanhita for non-compliance.

It has also sought copies of letters issued to banks on March 20, 2025, for account closures, correspondence sent to IDFC First Bank on Feb 24, 2026, and records of related bank accounts and FDRs.

The case was registered by the CBI’s economic offences branch on May 11, 2026, under provisions of the BNSS, along with sections of the Prevention of Corruption Act and Bharatiya Nyaya Sanhita.

The probe pertains to the alleged embezzlement of government funds through fake FDRs linked to IDFC First Bank. The case originated from a complaint by MC officials, with the EOW uncovering forged FDRs worth approximately ₹116 crore during its investigation. Following approval by the MC House, the UT administration recommended a CBI inquiry to the Centre, paving the way for the current probe.