Panchkula: Amit Diwan, director, finance, Haryana Power Generation Corporation Limited, has been arrested in the ongoing probe in the Rs 590 crore fraud.As per the State Vigilance and Anti-Corruption Bureau, he was posted as director, finance, in HPGCL when two accounts were opened in IDFC First Bank, Sector-32, Chandigarh, and AU Small Finance Bank.“Procedure laid down by govt was deliberately violated with ulterior motive. He connived with key accused specifically Ribhav Rishi and actively assisted him in commission of offences as alleged. He accepted hefty illegal gratification for the same as substantiated through material seized or statements of witnesses,” alleged the ACB in its remand papers produced in the court.He was presented before a local court on Thursday that granted his three-day remand to the ACB.Meanwhile, three other accused, Rajesh, Randhir and Rajan, were sent to judicial custody on Thursday.The probe has so far led to the arrest of multiple accused, including Ribhav Rishi, Abhay Kumar, Swati Singla and Abhishek Singla, who were arrested on Feb 24, 2026. Investigations revealed that the accused used complex financial channels and shell entities to divert public money. A Special Investigation Team (SIT) was constituted on Feb 27.Naresh Kumar Bhuwani, a govt official, and Manish Jindal were arrested on Feb 28. Bank officials and employees, including Seema Dhiman, Priyanka Bhatoa and Anuj Kaushal, were also arrested for allegedly facilitating unauthorised transactions, forging records, and processing fake financial instruments.Recently, Rajan Singh Katodiah, owner of Sawan Jewellers Chandigarh, was also arrested for his alleged role in the conspiracy.Further, senior finance officers Rajesh Sangwan and Randhir Singh have also been arrested for allegedly violating govt financial norms and accepting illegal gratification.Officials stated that the investigation is ongoing, and more arrests and revelations are likely as authorities continue to trace the money trail in what is being seen as a major corruption case impacting the public exchequer.
