The fraud was discovered after the corporation's accounting superintendent, P. Chandrashekhar, killed himself on May 26th. In a note, he claimed that money was illegally transferred from the firm to several accounts.
Notably, the Mohali raid was at the house of Khalistan Tiger Force (KTF) terrorist Paramjit Singh Pamma located in Phase 3B2. At Pamma's house, NIA reached at 6 AM and remained there till 10:30 AM. They questioned his parents during the raid.