A suspected multi-crore fraud involving IDFC First Bank and Haryana government-linked accounts triggered political and administrative action last week. The irregularities, detected at the bank’s Chandigarh branch, were uncovered during routine fund transfers when discrepancies between actual balances and recorded amounts were noticed.

Chief Minister Nayab Singh Saini announced that the government has recovered the full amount — ₹556 crore principal along with ₹22 crore interest, totaling ₹578 crore. Preliminary investigations point to the involvement of three to four bank employees, while further inquiry is ongoing to identify all parties involved.

A high-level committee has been formed to examine the matter in detail, and both the State Anti-Corruption Bureau and vigilance authorities are actively investigating. The Haryana government has de-empanelled IDFC First Bank for government business and lodged a formal complaint regarding the fraudulent activities. CM Saini emphasized that no official, employee, or external collaborator involved in the fraud will be spared, underscoring the state’s zero-tolerance approach toward corruption.