CBI arrests four in IDFC bank fraud case

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Court grants two-day remand as agency examines alleged fund transfers to companies

Chandigarh : The Central Bureau of Investigation (CBI) arrested four people in an alleged multi-crore fraud case involving IDFC Bank and secured their two-day remand for questioning over suspected financial transactions linked to their associated companies.

The accused were identified as Mohit Goyal, Manoj Kumar, Gaurav Kansal and Siddharth Narula. The CBI examined the alleged movement of funds into their companies to establish how the money was transferred and each accused’s role in the suspected fraud.

After their arrest, the four accused were produced before the court who remanded them for two days. They were scheduled to appear before the court again on October 14, after the remand period ended.

Defence counsel Vishal Garg shared details of the court proceedings. Further details about the alleged fraud and the transactions under investigation were yet to be established.

The CBI’s investigation was focused on tracing the suspected proceeds and examining the financial links between the alleged fraud and the companies concerned. The allegations against the accused remained under investigation, as they had not been proved yet.