Navneet Srivastava arrested in alleged 75cr CREST fund diversion
Navneet Srivastava, a senior Indian Forest Service officer, has been arrested for allegedly moving ₹75 crore meant for renewable energy projects into fake companies while he was CEO of CREST (Chandigarh Renewable Energy and Science and Technology Promotion Society).
The Central Bureau of Investigation, or CBI, says he used the money for personal gain instead of public good.
Diverted funds linked to family directors
Turns out, some of the diverted funds landed in a company where Srivastava's wife and a close relative are directors.
The then Project Director Sukhwinder Singh Abrol and Accountant Sahil Kukkar are already behind bars.
The CBI has now taken over from local police, charging several bank staff, shell companies, and associates as they dig deeper into how CREST funds allegedly got misused.