VERIFIEDMint Companies·6 Aug 2026negative

Luxury cars, watches and fake bank accounts: Inside the ₹107-crore Panchkula fraud

AI Summary

·The ED alleges a former Kotak Mahindra Bank executive diverted Municipal Corporation of Panchkula funds.
·The alleged diversion occurred through fake bank accounts.
·The funds were allegedly routed into luxury assets and properties.