Panchkula Municipal Corporation Scam: Enforcement Directorate i.e. ED has taken major action in the big scam of about Rs 145 crore of Panchkula Municipal Corporation of Haryana. ED’s Chandigarh Zonal Office team raided a total of 12 locations in Chandigarh, Panchkula, Zirakpur, Derabassi and Rajpura Patiala on 22 April 2026. This action of ED was taken in the alleged fraud case related to Kotak Mahindra Bank and Municipal Corporation Panchkula. During the raid, the team has seized many sale-purchase agreements, important documents and evidence related to money laundering.
ED had started investigation of this case on the basis of FIR registered by ACB Panchkula. It was alleged in the FIR that some officials of Kotek Mahindra Bank embezzled Rs 145 crore of Municipal Corporation Panchkula as part of a deep conspiracy. According to what has come to light so far in the investigation, some Municipal Corporation officials, bank employees and private people were involved in a conspiracy to embezzle government money.
What information was given regarding ED investigation?
According to ED, investigation revealed that Dilip Kumar Raghav (Customer Relationship Manager) and Pushpinder Singh (Deputy Vice President) along with Vikas Kaushik (former Senior Accounts Officer, Municipal Corporation Panchkula) opened two bank accounts in the name of Municipal Corporation through fake authorization letters. After this, the money present in the real accounts of the Municipal Corporation was transferred to these fake accounts… For this, fake fund migration letters and fake email IDs were used.
ED says that there was no information about these transactions in the records of Municipal Corporation Panchkula. That is, money kept coming out of the real account and the corporation officials did not even know about it. Not only this, 16 fake FDRs (Fixed Deposit Receipts) were also given to the Municipal Corporation, in which investment of about Rs 145.03 crore was shown. Their maturity value was said to be around Rs 158.02 crore.
What information did the investigating agency give?
According to the investigating agency, this amount was further passed on to many people and firms. This includes names like Rajat Dahra, Swati Tomar, Kapil Kumar and Vinod Kumar. It has also been claimed that some of the money will reach back to Pushpinder Singh and his wife Preeti Thakur. Apart from this, money was also transferred to real estate companies and private people.
Among the people and institutions whose premises were searched by ED, the places of Pushpinder Singh, Rajat Dahra, Dilip Kumar Raghav, Vikas Kaushik, Sanat Realtors, Sunny Garg and Kapil Kumar were included. ED has said that investigation is still going on in this matter and many big revelations may be made in the coming days.
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