CBI produces IAS officer Pardeep Kumar Dagar in court

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Panchkula, July 2

The Central Bureau of Investigation (CBI) on Thursday produced IAS officer Pardeep Kumar Dagar before a court after the completion of his two-day custodial remand in connection with the alleged ₹504 crore IDFC First Bank scam involving Haryana government accounts.

The agency had earlier secured a two-day remand after producing Dagar before the court for questioning over alleged financial irregularities linked to government funds maintained at the IDFC First Bank’s Sector 32 branch in Chandigarh.

The case relates to the alleged misuse of funds from the Haryana State Pollution Control Board’s government account held at the bank.

According to the CBI, Dagar was arrested on the day of his retirement. He was serving as the Member Secretary of the Haryana State Pollution Control Board (HSPCB) and is accused of playing a key role in the alleged misappropriation of government funds. The agency alleged that his actions resulted in an estimated loss of approximately ₹169 crore to the Haryana government.

The CBI said Dagar personally handled investment-related work, and funds intended for fixed deposits were transferred to an IDFC First Bank account in excess of the prescribed limits.

The agency said the investigation had revealed that Dagar’s actions as Member Secretary had a direct nexus with the alleged fraud and that he handled the entire investment-related process at his level.

The CBI further alleged that an account was opened at the IDFC First Bank’s Sector 32 branch in Chandigarh without the required approvals and that funds transferred for creating fixed deposits were diverted through fraudulent transactions.

The agency said the investigation had found that no fixed deposits were actually created in the bank despite the transfer of funds.

Earlier in the investigation, the CBI arrested former IDFC First Bank area head Shamim Dar and former AU Small Finance Bank branch manager Charanjeet Singh Randhawa in connection with the same case.

According to the agency, funds worth ₹504 crore belonging to eight Haryana government departments were allegedly siphoned off through forged and non-existent fixed deposits, fabricated debit notes, and transactions routed through shell entities.

The CBI said that, so far, 17 accused, including bank officials, Haryana government officials, companies, and private individuals, have been charge-sheeted in the case.