# ED Attaches Rs 131 Crore Assets in Panchkula Civic Funds Fraud 2026-08-06T18:22:00+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The Enforcement Directorate has attached assets worth Rs 131.13 crore in its probe into the alleged diversion of Rs 107.24 crore from Municipal Corporation Panchkula accounts. The attachment includes bank balances of Rs 12.85 crore and properties valued at Rs 118.28 crore, the agency said on 5 August. The ED alleges that former Kotak Mahindra Bank deputy vice-president Pushpinder Singh, bank employee Dilip Raghav and municipal official Vikas Kaushik opened two unauthorised accounts using forged documents and shifted funds from genuine accounts. It says the money was used to buy luxury cars, motorcycles, watches and property, and to give unsecured loans at 36% annual interest. The agency has filed a chargesheet against Singh and eight others, Hindustan Times reports. Kotak says it is cooperating with authorities. ## Coverage - livemint.com - hindustantimes.com Tags: Enforcement Directorate, Kotak Mahindra Bank, money laundering, Municipal Corporation, Panchkula fraud Canonical: https://indianopinion.org/ed-attaches-rs-131-crore-assets-in-panchkula-fraud-probe/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/ed-attaches-rs-131-crore-assets-in-panchkula-fraud-probe/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.