Stay updated with the latest - Click here to follow us on Instagram Former chief financial officer (CFO) of Chandigarh Smart City Limited (CSCL), Nalini Malik, who is lodged in Model Jail, Burail, in connection with the alleged Rs 116.84-crore funds misappropriation case, has moved an application before the Special CBI Court seeking participation in the inquiry of the case. Special CBI Judge Bhawna Jain has issued notice to the CBI for May 27, the date already fixed in the matter. The application, dated May 14, was forwarded to the court by the Deputy Superintendent, Model Jail, Chandigarh, through jail warder Vijay. As per the court order, the application has been moved on behalf of accused-applicant Nalini Malik “seeking participation in the inquiry of the instant case” for “effective inquiry”. The case, earlier registered as FIR No. 2 dated March 9, is now being investigated by the CBI. The court ordered that the application be registered as an interlocutory application. “Notice of the above said application be issued to the CBI for May 27, 2026, the date already fixed,” the court said. Malik was arrested after her alleged role surfaced in the Smart City funds case. The matter pertains to alleged misappropriation of funds of CSCL, which were deposited with IDFC First Bank. The case was initially investigated by Chandigarh Police before being transferred to the CBI on the orders of the Ministry of Home Affairs. According to the allegations in the case, funds lying in the bank accounts of Chandigarh Smart City Limited were to be transferred to the Municipal Corporation (MC) after the Smart City project ended. However, it has been alleged that bank officials, in conspiracy with others, diverted the funds through shell companies and invested the money in real estate. The investigation had earlier alleged that