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CBI arrests senior IFoS official in CREST case (opens original article in a new tab)

TL;DR

The CBI arrested a senior IFoS official for allegedly misappropriating ₹75 crore from CREST by diverting funds to shell companies and personal use.

  • CBI arrested Navneet Srivastava, a senior IFoS official, in connection with CREST fund misappropriation
  • Funds from CREST's bank accounts were allegedly diverted to shell companies and used personally, causing ₹75 crore loss
  • Srivastava's wife and relative are directors of a private company that received part of the proceeds
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