Kotak Mahindra Bank employee arrested for discrepancies in Panchkula municipal corporation’s FDR

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The Haryana Vigilance and Anti-Corruption Bureau on Thursday made its first arrest in connection with the Rs 160 crore Kotak Mahindra Bank scam involving the Panchkula Municipal Corporation in Haryana. The arrested accused has been identified as Dileep Kumar Raghav, who was serving as a Relationship Manager at the bank at the time. It is alleged that Dileep, in collusion with the prime accused, submitted false reports to the Panchkula Municipal Corporation regarding fixed deposits (Fds).