The Chandigarh Police have opened a case based on a complaint from the Chandigarh municipal corporation. The complaint alleges that fixed deposit receipts (FDRs) totaling Rs 116.84 crore, which were issued by a manager at a private bank, are fraudulent.

Details of the Complaint

According to a report by NDTV Cities, the municipal corporation has raised concerns over the authenticity of these FDRs, prompting the police to take action. The investigation aims to uncover the circumstances surrounding the issuance of these receipts and the individuals involved in the alleged fraud.

The case highlights ongoing issues related to financial security and the need for vigilance in banking practices. Authorities are expected to conduct a thorough inquiry to determine the extent of the fraud and to identify any potential victims or additional parties involved.