Now Reading: CBI court denies bail to director in ₹550 crore Haryana fraud case
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CBI court denies bail to director in ₹550 crore Haryana fraud case
A special CBI court in Panchkula has dismissed the bail application of Ankur Sharma, a co-director of shell company SRR Planning Gurus, in the alleged ₹550 crore Haryana government funds fraud case.…
The Story in Brief
A special CBI court in Panchkula has dismissed the bail application of Ankur Sharma, a co-director of shell company SRR Planning Gurus, in the alleged ₹550 crore Haryana government funds fraud case. Special judge Vijayant Sehgal observed that the allegations involved a large-scale economic offence and siphoning of substantial public funds, and noted the investigation was still pending. The CBI alleges that funds from three government departments, Haryana School Shiksha Pariyojana Parishad, Haryana State Pollution Control Board and the welfare commissioner, were credited to Sharma's company and then diverted to other shell entities, jewellers for gold conversion and cash, and used to buy a Mercedes-Benz and transfer money to his personal account. The court also noted Sharma faces a similar case in Chandigarh.
The Indian Opinion
The public should watch how fast the CBI recovers the public money allegedly siphoned through shell companies. Bail hearings often turn on the risk of the accused tampering with evidence, but the real test is whether the money trail leads to concrete restitution. Haryana's taxpayers need to know how many more government accounts were compromised before this scheme was caught.
Source: hindustantimes.com
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