Private Bank Manager Arrested in Haryana's Rs 160 Crore Municipal Scam

• Dalip Raghav, a relationship manager at a private bank, was arrested by the Anti-Corruption Bureau in connection with a Rs 160 crore embezzlement case involving the Panchkula Municipal Corporation.
• Raghav was remanded to four-day police custody after revealing names of other bank employees during interrogation.
• The Municipal Corporation Commissioner reported irregularities in FDRs totaling approximately Rs 150 crore.
• A bank spokesperson stated that accounts and transactions were handled according to proper banking norms, despite the allegations.
• The case involves two FDs worth Rs 58 crore and Rs 102 crore placed by the Panchkula Municipal Corporation, which the bank denied receiving upon maturity, leading to the discovery of the fraud.