Haryana CM Saini Addresses Rs 590 Crore Bank Fraud Case

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

৫৯০ কোটি টাকার ব্যাঙ্ক জালিয়াতির মামলায় আশ্বাসবাণী হরিয়ানার মুখ্যমন্ত্রী সাইনির

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News18•23-02-2026, 20:53

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

•Haryana government's bank account with IDFC First Bank allegedly defrauded of Rs 590 crore.
•CM Nayab Singh Saini confirmed swift government action after noticing irregularities in specific accounts.
•Funds, including interest, were transferred to an authorized bank, and CM Saini assured the money is completely safe and will be recovered.
•IDFC First Bank blamed an employee for the fraud, but the state government referred the case to the Anti-Corruption Bureau and Vigilance Department.
•Investigation is ongoing, and appropriate action will be taken against culprits, including the bank if found guilty.

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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.

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