Post-Rs 116 crore scam, special audit of Smart city fund recommended
Indian Express·2h ago·Neutral
What Happened
Chandigarh Municipal Corporation has recommended a special audit of the Smart City fund following a Rs 116 crore financial scam. The audit was requested to the Director General of Audit after fake fixed deposits were discovered in IDFC First Bank accounts. Three suspicious payment entries totaling Rs 78.22 crore had no corresponding records. Bank officials and Chandigarh Smart City Limited officials' involvement cannot be ruled out. IDFC Bank has remitted Rs 1.21 crore to the corporation. Police have been requested to register an FIR and investigate further.
Key Entities
Chandigarh Municipal CorporationRs 116 crore scamIDFC First BankChandigarh Smart City LimitedDirector General of AuditMayor Saurabh Joshi