CBI court denies bail to shell company’s director in IDFC fund diversion case

A special CBI court in Chandigarh denied bail to Ankur Sharma, director of shell company SRR Planning Gurus, in the CREST government funds siphoning case.

The court noted Sharma was the sole authorised signatory of the company's Yes Bank and RBL Bank accounts, and his personal email and mobile number were linked to the Yes Bank account.

CBI alleged SRR Planning Gurus received ₹27 crore via CAPCO Fintech Services and ₹4.7 crore via Swastik Desh Project, funds allegedly diverted from CREST accounts at IDFC First Bank.

Sharma had 1,387 phone calls with alleged mastermind Ribhav Rishi, former IDFC First Bank branch manager, during the fraud period, indicating close coordination.

Court rejected Sharma's claim that ₹34.4 lakh transferred to his personal account was professional payment, and described him as not a passive director but in exclusive control of financial transactions.