CBI links IAS officer to HPGCL part of Rs 645-crore bank fraud
The CBI has traced the HPGCL strand of the IDFC First Bank fraud, involving about Rs 645 crore of Haryana government and Chandigarh Municipal Corporation funds, to IAS officer Mohammed Shayin. Its chargesheet of 2 September 2026 lists him as accused No. 19, not arrested. HPGCL managing director from 2019 to 2024, he allegedly cleared a bank account and a Rs 50-crore transfer against a 14 percent interest offer. The allegations remain untested in court.