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'Tarpaulin misappropriation' case: Former West Bengal Minister Ujjal Biswas arrested

Home and office vandalised; angry mob throws eggs on his face

Former West Bengal Minister Ujjal Biswas Arrested In 'Tarpaulin Misappropriation' Case | News18

Former West Bengal minister Ujjal Biswas has been arrested in connection with a tarpaulin misappropriation case, triggering political turmoil and protests outside the court premises.The arrest led to chaotic scenes, with reports of eggs being hurled and supporters clashing with police as tensions escalated. The case has intensified political confrontation in West Bengal, with opposition parties and ruling party supporters exchanging sharp allegations.Authorities are investigating the alleged irregularities in government procurement linked to the case, while the political fallout continues to grow. -newsn18oc_indiaNews18 Mobile App - https://onelink.to/desc-youtube

IDFC First Bank shares fall after CBI conducts searches, lender shares update on Rs 646 crore fraud case

The shares of IDFC First Bank fell nearly 1% on Monday morning after the Central Bureau of Investigation (CBI) conducted searches in six locations, while the private lender announced that it has received the forensic review report from KPMG regarding the fraud case worth Rs 646 crore at one of its branches in Chandigarh.CBI conducted searches at six locations in Chandigarh, Panchkula and Delhi-NCR in connection with the alleged fraud case involving the siphoning of government funds from departments of the Haryana government and the Chandigarh administration.The searches were held on Friday at premises linked to senior Haryana cadre public servants and Noida-based Vipam Consultancy Pvt Ltd and its director as part of an ongoing probe into the alleged misappropriation of funds parked with IDFC First Bank and AU Finance Bank, an official statement said.Also Read | CBI conducts searches in Rs 661 crore IDFC First Bank-AU Finance Bank fraud case"During investigation evidences have surfaced suggesting that the public servants had colluded with bank officials and had facilitated in opening of accounts, transfer of funds and subsequent diversion thereof," the statement said.KPMG's forensic reviewIn an exchange filing released in the post-market hours of Friday, IDFC First Bank said that KPMG's review reaffirmed that the incident arose from collusion involving certain employees or former staff at the branch, some state government employees along with certain third parties. It reiterated that the net principal amount of Rs 646 crore was reported as part of the alleged fraud case.Also Read | IDFC First Bank fraud was isolated case involving collusion, says KPMG“The Bank paid the aforesaid amount and applicable interest to the concerned departments and has recognised the same in the books of accounts in Q4 FY26. The Bank is a victim of this financial fraud and is working with investigative authorities,” IDFC First Bank said.Fraud at IDFC First Bank's Chandigarh branchIDFC First Bank had announced that it has discovered an incident of alleged fraud by some employees at one of its Chandigarh branches in February, involving accounts related to the Haryana government. The lender had received a request from one of the departments of the Haryana government to close its account and transfer funds to another bank. While reviewing the request, it found some discrepancies in the amount mentioned against the balance in the account. This led to a massive 16% crash in the private lender’s share price, to record its worst single-day plunge since March 2020.IDFC First Bank share priceIDFC First Bank shares fell nearly 1% to trade at Rs 71.64 apiece on Monday. The stock is down 16% in 2026 so far. The shares of the company have however gained over 1% in the past one week. The company currently has a market capitalisation of nearly Rs 62,000 crore.Also Read | Why is market crashing today? 7 factors behind selloff(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

MACC completes probe into NGO misappropriation case

One individual is expected to be charged soon.

Ex-TMC MLA Sujoy Hazra arrested in extortion case; eggs hurled at convoy

Former TMC MLA Sujoy Hazra was arrested on Sunday facing allegations of extortion and forgery. Residents accused him of taking money for housing construction and failing to deliver, with one complainant alleging a Rs 10 lakh non-repayment and property dispute. Charges include criminal breach of trust and misappropriation of government property.

IDFC First Bank-AU Finance Bank fraud case: CBI conducts searches at six locations

The searches were carried out on Friday (June 5, 2026) as part of an ongoing probe into the alleged misappropriation of funds parked with IDFC First Bank and AU Finance Bank, an official statement said

CBI widens probe into ₹661 crore fund scam

The CBI has conducted searches at six locations in Chandigarh, Panchkula and Delhi-NCR in connection with an alleged Rs 661 crore fraud involving the siphoning of government funds from departments of the Haryana government and the Chandigarh administration, officials said on Sunday. The searches were carried out on Friday at premises linked to senior Haryana cadre public servants and Noida-based Vipam Consultancy Pvt Ltd and its director as part of an ongoing probe into the alleged misappropriation of funds parked with IDFC First Bank and AU Finance Bank, an official statement said.Also read: IDFC First Bank fraud was isolated case involving collusion: KPMG According to the agency, the fraud affected eight departments of the Haryana government and two departments of the Union Territory of Chandigarh - Municipal Corporation Chandigarh and Chandigarh Renewable Energy and Science and Technology Promotion Society (CREST)."During investigation evidences have surfaced suggesting that the public servants had colluded with bank officials and had facilitated in opening of accounts, transfer of funds and subsequent diversion thereof," the statement said. The agency alleged that the public servants received undue advantages for facilitating the transactions and failing to act against the irregularities. The investigating agency also alleged that Vipam Consultancy Pvt Ltd received proceeds of crime in its bank account, which were later transferred to the personal account of its director. "Incriminating documents, digital devices, property documents and other relevant material were seized during the search operations," the agency said. The probe stems from one case taken over from the Haryana State Vigilance and Anti-Corruption Bureau and two cases originally registered by the Economic Offences Wing police station in Chandigarh.Also read: CBI files first chargesheet in Haryana Rs 504 crore fund diversion caseThe cases relate to alleged criminal conspiracy, misappropriation of government funds and related offences committed in connivance with bank officials and public servants, the agency said.The CBI said it has already filed its first chargesheet before a special court in Panchkula detailing the alleged role of public servants from the Haryana Power Generation Corporation Ltd and Haryana School Shiksha Pariyojna Parishad.The chargesheet also outlined the alleged modus operandi used to siphon off government funds parked with the IDFC First Bank and AU Finance Bank, it said. The investigation is continuing and additional chargesheets will be filed against other accused found involved in the case, it added.

Kohistan corruption case: NAB returns Rs6bn in embezzled assets to KP govt

ISLAMABAD: The National Accountability Bureau (NAB) has returned over Rs6 billion to the Khyber Pakhtunkhwa government in a multi-billion-rupee fraud case in Upper Kohistan. An inquiry authorised by NAB in April 2024 revealed large-scale misappropriation of public funds in Upper Kohistan. Investigators established that more than Rs37bn had been embezzled through manipulation of treasury instruments and misuse of official financial procedures over nearly a decade. The funds were recovered following an extensive investigation by NAB’s KP director general and a Combined Investigation Team (CIT). At a ceremony, NAB Chairman Lt-Gen (retd) Nazir Ahmad formally handed over the recovered funds to the KP chief secretary, marking the first phase of a broader recovery process. The assets handed over to the provincial government include cash holdings, precious metals, high-value commercial and residential properties and luxury vehicles identified during the investigation. Addressing the ceremony, the NAB chief praised the investigators’ professionalism and dedication, deeming the case a significant example of the anti-graft body’s institutional resolve against corruption. “This investigation demonstrates that complex financial crimes can be effectively detected, investigated, and prosecuted through professional, evidence-based accountability mechanisms,” he said. “The recovery of these assets reflects our commitment to ensuring that public resources are protected and restored for the benefit of citizens.” Ahmad further acknowledged the leadership of the NAB KP for conducting an extensive financial investigation that resulted in substantial recoveries and the identification of assets linked to the alleged fraud. Through advanced financial tracing, forensic analysis, and coordinated investigative efforts, NAB KP successfully identified complex money trails, scrutinised over 1,500 bank accounts and traced assets allegedly acquired illegally. A major breakthrough was achieved when investigators uncovered a key account of government contractor Mumtaz Khan allegedly used to channel illicit funds. Financial records revealed transactions amounting to approximately Rs17bn through the district accounts office within months. Intervention by NAB KP resulted in the freezing of funds and prevented further misappropriation of public assets. The investigation resulted in significant recoveries, including assets surrendered through plea bargains and the freezing of assets linked to the alleged fraud. NAB said the total amount traced during the investigation exceeded Rs37bn, with the bureau freezing assets worth over Rs27bn. Assets recovered through plea bargains were worth over Rs10bn. In March this year, an accountability court in KP approved a plea bargain of Rs49.125 million for an accused in the high-profile case. Judge Mohammad Zafar ordered the release of accused Jibran Malik, the owner of a construction firm, if he was not required in any other case.

Chinese Archaeologist Liu Bin, Known for Work at Liangzhu Site, Pleads Guilty to Corruption and Misappropriation Charges

Liu is accused of accepting nearly $700,000 in bribes and embezzling about $45,000.

Telangana CID forms Special Investigation Team to probe fund misappropriation in Hyderabad Cricket Association

Tenge Tenge accuses manager of squandering his money, says he's unable to pay school fees

Tenge Tenge, a Ugandan child influencer, alleges misappropriation of funds by his former manager, impacting his education and financial well-being.