World · India Bureau
CBI files chargesheet in CREST-IDFC fraud case involving IFoS officer
The Central Bureau of Investigation has filed a chargesheet against three individuals, including an Indian Forest Service officer, in connection with an alleged fraud involving the CREST-IDFC scheme. The case involves alleged financial irregularities amounting to ₹75.4 crore.
LSN India ·
The CBI has filed a chargesheet in Chandigarh against three accused persons in the CREST-IDFC fraud case, including IFoS officer Navneet Srivastav, according to agency sources. The investigation pertains to alleged fraudulent transactions and financial misconduct linked to the scheme.
The chargesheet details allegations of a financial scam worth ₹75.4 crore, with investigators uncovering evidence of systematic irregularities in the scheme's administration and fund management. The CBI's filing marks a significant milestone in the year-long investigation into the matter.
Navneet Srivastav, an officer with the Indian Forest Service, has been identified as a key figure in the alleged scheme. The chargesheet, once filed before the competent court, will initiate formal legal proceedings against all three accused individuals.
The CREST-IDFC case has drawn attention to governance and oversight mechanisms within schemes managed by government officials. The CBI's investigation has examined financial transactions, documentation, and administrative procedures to substantiate the fraud allegations. The case underscores growing scrutiny of large-scale financial irregularities involving government officials and institutional frameworks.