New Delhi, April 9
The Central Bureau of Investigation will take over the probe into the alleged embezzlement of ₹590 crore from Haryana government accounts at IDFC First Bank in Chandigarh, according to official sources. The Haryana government recently decided to transfer the case to the central agency, and the CBI is expected to register a new FIR soon, building on the initial complaint by the state’s anti-corruption bureau.
The scam involves allegations that some IDFC First Bank employees, along with private individuals, diverted government funds through shell companies and business entities for personal gain. Investigators have found evidence of substantial cash withdrawals and transfers to shell firms, jewellery businesses, and investments in real estate. The role of a Chandigarh-based hotelier in the Tricity area is also under scrutiny.
IDFC First Bank said it has already reimbursed the Haryana government for the principal and interest, totaling ₹583 crore, and is cooperating fully with authorities. “The bank remains committed to working together with the relevant Haryana Government departments and the law enforcement agencies to pursue actions against the perpetrators of the fraud and looks forward to recovering our dues,” an IDFC First Bank spokesperson said.
With the CBI stepping in, the investigation is expected to intensify with a focus on tracing the money trail and holding the accused accountable.
