Haryana authorities nab 4 people in Rs 590-cr IDFC First Bank case
First BankFirst Bank(US:FRBA) The Economic Times·2026-02-25 05:32

Core Viewpoint - IDFC First Bank is currently embroiled in a significant fraud case involving Rs 590 crore, leading to multiple arrests and calls for further investigation [2][5]. Group 1: Fraud Details - IDFC Bank disclosed a fraud amounting to Rs 590 crore, which was committed by its employees and others in accounts held by the Haryana government [2][5]. - The Haryana State Vigilance and Anti-Corruption Bureau has arrested four individuals in connection with the fraud, including two former employees of IDFC First Bank and two private individuals who own a partnership firm [1][5]. Group 2: Government Response - The Haryana state government has formed a committee to investigate the fraud, and the Anti-Corruption Bureau has registered a First Information Report (FIR) [1][5]. - Chief Minister Nayab Singh Saini stated in the Assembly that the government will take strict action against all individuals involved in the fraud [4][5]. Group 3: Political Reactions - Opposition leaders, including Bhupinder Singh Hooda and Haryana Congress chief Rao Narender Singh, have called for a Central Bureau of Investigation (CBI) probe into the matter [5].