IDFC First Bank Fraud Case: There is a new twist in the IDFC fraud case. The amount has reached the account of the Haryana government. Haryana Chief Minister Nayab Singh Saini himself has given a statement regarding this. He said on Tuesday that the entire amount debited from the government account in the suspected ₹590 crore fraud at the Chandigarh branch of IDFC First Bank has been returned within 24 hours.
The matter came to light when IDFC First Bank launched a
In the exchange filing, it revealed fraudulent transactions of Rs 590 crore in its Chandigarh branch. Following this disclosure, the State Vigilance and Anti-Corruption Bureau registered FIRs against bank officials, government employees, and others under the relevant sections of the Prevention of Corruption Act and the Bharatiya Nyaya Sanhita. Subsequently, on Monday, shares of IDFC First Bank fell by 20%. However, now the state government has said that they have received the amount.
What did the CM say on the IDFC First Bank fraud case?
According to Haryana Chief Minister Nayab Singh Saini, Rs 556 crore, including Rs 22 crore interest, was refunded within 24 hours. "A total of Rs 556 crore, including Rs 22 crore, was returned to the government account within 24 hours," he said. "
