The CBI in a statement said that its probe has revealed that Srivastava while working as CEO of CREST colluded with his wife, who was a director in M/S Vipam Consultancy Private Ltd, to misappropriate State government fund to the tune of ₹95 lakh into her company. The agency has also made Vipam Consultancy an accused in the chargesheet, which also revealed that the siphoned government money was used to acquire immovable property, the CBI charged.
Navneet Srivastava was earlier arrested by the CBI and continued to be behind the bars. This case is connected to the larger fraud which took place at the IDFC First Bank’s Sector-32 branch in Chandigarh. Funds to the tune of ₹504 crore belonging to eight departments and organisation of the Haryana government were siphoned off through forged and non-existent fixed deposits and through fraudulent debit transactions.
The CBI took over the case from the State vigilance and anti-corruption bureau, Haryana, at the request of the State government. So far, the agency has chargesheeted 37 accused persons. The agency had also taken over the third case pertaining to smart city, Chandigarh Municipal Corporation of Chandigarh UT and has filed a chargesheet against seven accused persons on charges of defrauding ₹78 crore.
Published on September 11, 2026
