A former Kotak Mahindra Bank executive allegedly misused siphoned Municipal Corporation of Panchkula funds to purchase high-end vehicles, including Porsche and BMW models.
The ED filed a prosecution complaint against nine people
Aug 06, 2026
03:01 pm
What's the storyA former Deputy Vice President of Kotak Mahindra Bank, Pushpinder Singh, allegedly used embezzled funds from the Municipal Corporation of Panchkula to buy luxury cars.
The Enforcement Directorate (ED) has attached assets worth ₹131.13 crore in connection with this case and filed a prosecution complaint against nine people including Singh.
Ex-Kotak Mahindra Bank executive bought luxury cars with 'siphoned' Panchkula civic funds: ED
Ex-Kotak Bank DVP laundered Panchkula civic funds to buy luxury cars, Harley-Davidson: ED
Key accused bought luxury cars’: ED chargesheets nine suspects in ₹107-cr fraud involving Kotak Mahindra Bank
ED files chargesheet in Kotak Mahindra Bank, Panchkula MC PMLA case
ED books ex-Kotak bank exec, eight others in MC funds case
54 bank fraud accused fled India, ED seizes assets worth over Rs 35,000 crore
The Enforcement Directorate has launched a probe into alleged fraud involving bank officials, including a former deputy vice…
