Panchkula: Another suspect has been arrested in the Panchkula municipal corporation fixed deposit fraud case. The accused, Kapil, a resident of Rajpura, was apprehended from Sirhind in Punjab, the Haryana Vigilance and Anti-Corruption Bureau (ACB) said on Tuesday.According to the ACB, more than Rs 2.3 crore was allegedly transferred into Kapil’s bank account from the MC’s account. Investigators said he is known to co-accused Rajat, who is currently in police custody.The bureau also said another accused, Vinod, a resident of Rajpura, had died on August 17, 2024, and his death certificate has been obtained.Earlier, the name of a deputy vice-president of Kotak Mahindra Bank had surfaced during the probe into the alleged fraud involving MC Panchkula fixed deposits worth Rs 145 crore.Officials said serious irregularities were detected in records related to 16 fixed deposits amounting to over Rs 145 crore, with a maturity value of around Rs 158 crore. Of these, 11 FDs worth nearly Rs 59.57 crore matured in February 2026. However, bank statements provided by the branch reportedly did not match each other or official municipal records.
