CBI Greenlit to Probe IAS Officers in IDFC First Bank Fraud

The Haryana government has authorized the CBI to investigate five IAS officers over their alleged involvement in a Rs 590-crore fraud case linked to IDFC First Bank. The investigation follows an inquiry revealing irregularities in government fund deposits into private banks, leading to multiple arrests.

The Haryana government has granted the Central Bureau of Investigation (CBI) permission to investigate five Indian Administrative Service (IAS) officers suspected of involvement in a Rs 590-crore fraud case with IDFC First Bank.

This decision allows the CBI to proceed under section 17A of the Prevention of Corruption Act, which requires prior approval from the competent authority to investigate public servants. The investigation stems from an inquiry revealing discrepancies in government funds deposited in private banks, with allegations pointing towards officials at both IDFC First Bank and AU Small Finance Bank.

The CBI conducted searches in Chandigarh and Panchkula, seizing records and digital evidence. Sixteen individuals have been arrested so far, with further probe expected to involve questioning of implicated IAS officers.