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An individual accused in the IDFC Bank fraud case was apprehended in a hotel, with police alleging an attempt to escape custody after being taken there by escorting officers instead of returning to jail.
The Haryana government has granted approval for the Central Bureau of Investigation (CBI) to probe IAS officers in connection with a 590-crore fraud involving IDFC Bank.
The Haryana government has suspended two Indian Administrative Service officers and severed ties with Kotak Mahindra Bank following alleged irregularities involving government funds parked with IDFC First Bank.
Details have emerged regarding a significant financial fraud amounting to ₹590 crore that unfolded at an IDFC Bank branch.
Suspended IAS officer Pardeep Kumar was arrested by the CBI for alleged involvement in a ₹504 crore embezzlement scheme from Haryana government accounts, causing a ₹169 crore loss.
Amit Dewan, the Chief Financial Officer of a Haryana power utility, has been dismissed for 'blatant corruption and gross misconduct' in connection with the IDFC Bank fraud.
Chandigarh Police have arrested hotelier and real-estate developer Vikram Wadhwa in connection with a ₹590-crore fraud linked to IDFC First Bank, after he had been evading arrest since the scam surfaced.
IDFC Bank's Managing Director Vaidyanathan stated that staff collusion was responsible for a fraud involving a Haryana Government account, and the bank will make provisions in line with its policies.
The CBI has reported that Ram Kumar Singh, the former civic chief of Panchkula, is not cooperating with the investigation in the IDFC Bank case.
A controller from the Haryana State Agricultural Marketing Board has been dismissed in connection with a 10-crore rupee fraud linked to an IDFC bank scam.
IDFC First Bank's stock crashed after the bank disclosed a Rs 590 crore fraud involving unauthorized transactions from Haryana government accounts at its Chandigarh branch. The bank stated it's an isolated case and has suspended four employees.