Enforcement Directorate arrests Naresh Kumar over alleged ₹645cr siphon
Naresh Kumar, a former Haryana government superintendent, was arrested by the Enforcement Directorate for allegedly helping siphon off ₹645 crore from official accounts.
The funds came from IDFC First Bank accounts tied to the state government, Chandigarh administration, and private schools.
Kumar will stay in the ED's custody until June 14 as investigators dig deeper.
ED says ₹1.20cr into Kumar accounts
According to the ED, Kumar got ₹1.20 crore straight into his and his family's accounts.
The scam used shell companies like Swastik Desh Project to move money around, with more cash reportedly handed over in person.
Vikram Wadhwa was named as one of the main accused, and shell entities such as RS Traders and Capco Fintech Services were said to have received embezzled funds.
Some of the stolen money ended up with jewelers for cash transactions that were then distributed to other officials.
The ED is still tracking where it all went.