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Haryana: 4 Arrested in ₹590 Crore IDFC First Bank Fraud Case

Four individuals arrested in connection with the IDFC First Bank fraud.

Feb 25
2 min read
Haryana: 4 Arrested in ₹590 Crore IDFC First Bank Fraud Case

Top Summary

  • What happened: Haryana authorities arrested four individuals, including two ex-IDFC First Bank employees, in connection to a ₹590 crore fraud.
  • Why it matters: The fraud involves collusion between bank staff and private individuals, raising concerns about banking security.
  • What changes: The State government has promised accountability, and a CBI probe is being demanded.
  • Who is affected: IDFC First Bank, the Haryana government, and potentially bank customers are affected.

Arrests Made in IDFC First Bank Fraud Case

Haryana's State Vigilance and Anti-Corruption Bureau made four arrests on Tuesday, February 24, 2026, in the ongoing investigation of the I DFC First Bank fraud case. The announcement was made on Wednesday, February 25, 2026.

The arrested individuals include two former IDFC First Bank employees and two private persons who own a partnership firm. Authorities allege the bank staff colluded with outsiders in the ₹590 crore fraud case.

Government Response and Investigation

An FIR was previously registered by the Anti-Corruption Bureau. The State government has also constituted a committee to examine the details of the fraud.

On Sunday, IDFC Bank disclosed the ₹590 crore fraud, revealing it was committed by its employees and others in accounts held by the Haryana government.

Political Reactions

Chief Minister Nayab Singh Saini addressed the Assembly on Tuesday, February 24, 2026, stating the government will spare no one involved in the fraud.

 

"The government will spare no one involved in the fraud." - Chief Minister Nayab Singh Saini

 

Leader of Opposition Bhupinder Singh Hooda and Haryana Congress chief Rao Narender Singh have both demanded a CBI probe into the matter.

What to Watch Next

The investigation is ongoing, and further arrests are possible. The results of the State government's committee examination and any potential CBI involvement will be closely monitored.