Two Arrested in ₹150 Crore Panchkula Municipal Scam Linked to Kotak Mahindra Bank FDRs

• Rajat Dahra arrested for alleged financial irregularities in Kotak Mahindra Bank FDRs, received over ₹60 crore.
• Dileep Kumar Raghav, former relationship manager at Kotak Mahindra Bank, also arrested for conspiracy.
• Raghav allegedly sent false reports to Panchkula Municipal Corporation regarding fixed deposits.
• Panchkula Municipal Corporation flagged discrepancies in FDRs, estimating a mismatch of ₹150 crore.
• Kotak Mahindra Bank initiated an internal reconciliation, with an initial estimate of the gap at ₹85 crore.