From bank accounts to hawala: CBI traces Rs 2-crore trail to IAS officer’s son

The Central Bureau of Investigation (CBI) has arrested Mohit Goyal, a businessman from Chandigarh, for allegedly facilitating the routing of Rs 2 crore in cash to the son of Haryana IAS officer R K Singh through a hawala channel. The investigation is part of the ongoing probe into the Rs 504-crore IDFC First Bank fraud case. Goyal was arrested on January 22, 2026, and the CBI alleges that he knew that M/s RS Traders and M/s CAPCO Fintech Services, owned by Ribhav Rishi, belonged to the branch manager of IDFC First Bank.

Rishi is alleged to have played a central role in diverting government funds through fraudulent banking transactions and shell companies. The CBI further alleges that Goyal received Rs 59.50 crore through banking transactions, returned Rs 14.05 crore through banking channels, and handed back the remaining Rs 45.45 crore in cash.

The money allegedly reached the IAS officer's son in Delhi within 48 hours of being arranged by Goyal.

Brief written by urgent.news from The Indian Express's own syndicated text. Machine-written — may contain errors; check the original before relying on it.