IDFC First Bank Reports Rs 590 Crore Fraud in Haryana Government Accounts
IDFC First Bank has disclosed a Rs 590 crore fraud involving Haryana government deposits at its Chandigarh branch, leading to the suspension of four employees and the initiation of a forensic audit.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (37/100)Sources
IDFC FIRST Bank discloses ₹590 crore fraud at Chandigarh branch
The bank said it received a request from a particular Department of Haryana Government for closure of its account and transfer of funds to another bank
Read full article →IDFC First Bank reports Rs 590 crore fraud in Haryana government accounts
IDFC First Bank reported a Rs 590 crore discrepancy in Haryana government deposits at its Chandigarh branch, suspending four employees. The bank has initiated a forensic audit and is working with other banks to recover funds. This disclosure follows Haryana's directive for departments to close accounts with specific private lenders due to suspected financial irregularities.
By MAYUR SHETTY
Read full article →
