Corruption Investigation: IPS Officer Rashmi Karandikar under ACB Scrutiny for Undisclosed ₹2.64 Crore Bank Account; Husband Charged in ₹32 Crore Bank Scams
Rashmi Karandikar Under Investigation for Undisclosed Bank Account
IPS officer Rashmi Karandikar is currently under investigation by the Anti-Corruption Bureau (ACB) for failing to declare a ₹2.64 crore bank account in her mandatory assets declaration submitted to the Director General of Police.
The undeclared account, which reportedly involved funds transferred by Karandikar's estranged husband, Purushottam Chavan, who faces multiple fraud allegations totaling about ₹32 crore, was uncovered when the DG’s office unsealed and reviewed her confidential declaration, which she missed the deadline to submit.
Chavan, 53, is the subject of two First Information Reports (FIRs) being investigated by the Economic Offences Wing (EOW) of Mumbai Police. The first FIR accuses him of defrauding six individuals out of Rs 7.42 crore under the pretext of securing government plots at subsidised rates. The second FIR alleges that he offered contracts to supply T-shirts and hoodies to the Nashik Police Academy from 2015 to 2024.
The total amount misappropriated in these schemes alone is estimated to be Rs 24.78 crore. Financial scrutiny revealed suspicious transactions, including a transfer of ₹2.64 crore from Chavan to Karandikar’s bank account during 2017-2018, which she did not disclose.
Karandikar claims that the account belongs solely to her husband and that she has no connection with it. However, the ACB investigation is ongoing, focusing on her possible complicity or knowledge of the undeclared funds, amid rising internal scrutiny of her transparency and conduct.
The discovery of the undeclared bank account has raised concerns about potential corruption or impropriety on the part of Karandikar. The mounting financial irregularities and allegations against Chavan are causing internal scrutiny for his wife.
In a separate case, Chavan allegedly duped 19 people between 2014 and 2019 by promising them affordable flats under various government housing schemes. The omission of the bank account from Karandikar's declaration is significant because it is a mandatory requirement for IPS officers.
As of early August 2025, investigations by law enforcement agencies, including the ACB and the EOW, continue. The ACB is expected to further investigate whether there was any complicity or knowledge of the undeclared funds on Karandikar's part.
The investigation of IPS officer Rashmi Karandikar by the Anti-Corruption Bureau (ACB) has drawn attention to the realm of Indian politics and general-news, as her failed disclosure of a ₹2.64 crore bank account has sparked concerns about potential corruption or impropriety. This undeclared account, which involves funds transferred from her estranged husband, Purushottam Chavan, who is under investigation for multiple fraud allegations, is a crucial element in the crime-and-justice sector that is now under scrutiny.
