Haryana IDFC First Bank 590 Crore Fraud: Mastermind and Three Others Arrested

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IDFC First Bank ₹590 Cr Fraud: Mastermind, 3 Others Arrested in Haryana

IDFC फर्स्ट बैंक में बड़ा स्कैम देखने को मिला. (Image:News18)

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News18•25-02-2026, 11:58

IDFC First Bank ₹590 Cr Fraud: Mastermind, 3 Others Arrested in Haryana

•Four accused, including mastermind Rishabh, arrested by ACB in ₹590 crore IDFC First Bank scam.
•Accused include former bank manager Rishabh, relationship manager Abhay, private company owner Swati (Abhay's wife), and her brother Abhishek.
•The fraud involved siphoning off ₹590 crore from 18 Haryana government department accounts, including the Panchayat Department and State Pollution Control Board.
•IDFC First Bank has returned ₹583 crore (principal + interest) to the Haryana government and is cooperating with law enforcement.
•CM Nayab Singh Saini confirmed the recovery and stated a high-level committee is investigating; IDFC First Bank and AU Small Finance Bank removed from government transaction list.

Read Full Article on News18 in Hindi

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IDFC First Bank: Shares of IDFC First Bank will be in focus today, after the lender disclosed a ₹590 crore fraud on Sunday. In an exchange filing, the bank said it received a request from a Haryana government department to close its account and transfer funds to another bank. During the process, discrepancies were identified between the amount mentioned in the request and the actual account balance. The matter pertains to the bank's Chandigarh branch. The lender clarified that the issue does not impact other customers and that the financial effect will depend on further information, validation of claims, recoveries, and the legal process.

Haryana CM Orders In-Depth Probe into IDFC First Bank's ₹590-Crore Fraud

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Haryana CM Saini Vows to Recover Every Paisa in Rs 590 Crore IDFC FIRST Bank Fraud

৫৯০ কোটি টাকার ব্যাঙ্ক জালিয়াতির মামলায় আশ্বাসবাণী হরিয়ানার মুখ্যমন্ত্রী সাইনির

Haryana CM Saini Addresses Rs 590 Crore Bank Fraud, Assures Funds Safe

IDFC First Bank Hit by Oldest Fraud: Rs 590 Cr Lost, Shares Plunge 20%

IDFC First Bank Hit by Oldest Fraud: Rs 590 Cr Lost, Shares Plunge 20%

Representational image (Image: News18)

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