CBI Probe Initiated in Rs 590-Crore IDFC Bank Fraud Involving IAS Officers

The Haryana government has permitted the Central Bureau of Investigation (CBI) to probe the involvement of five IAS officers in a Rs 590-crore fraud case concerning IDFC First Bank. Allegations suggest manipulation of government funds, and multiple searches and arrests have taken place as part of the investigation.

The Haryana government has officially sanctioned the Central Bureau of Investigation (CBI) to investigate five IAS officers allegedly involved in the Rs 590-crore IDFC First Bank fraud. This decision, made under section 17A of the Prevention of Corruption Act, reinforces the government's commitment to transparency and accountability.

The CBI's ongoing inquiry involves scrutinizing administrative procedures that possibly led to the misappropriation of government funds into private banks. Searches at various locations in Chandigarh and Panchkula unearthed financial records and digital evidence, crucial for the investigation.

Initial findings by an inquiry committee in 2026 and subsequent actions by the State Vigilance and Anti-Corruption Bureau paved the way for this extensive probe. With sixteen arrests made so far, this high-profile case continues to unfold, shining a spotlight on public-private sector corruption in Haryana.