IDFC FIRST Bank Reports Rs 646 Crore Loss in Government Funds Scam Involving Former Manager
IDFC FIRST Bank reported a loss of Rs 646 crore due to alleged scams involving fake fixed deposit receipts and mismanagement of government funds linked to Chandigarh Smart City and CREST. Former branch manager Ribhav Rishi is accused of masterminding fraudulent transactions, with bail pleas rejected by the CBI Court. The CBI chargesheet highlights ignored red flags by senior Haryana officials, including irregular account openings and failure to act on suspicious activities, contributing to the Rs 657-crore scam.
First-hand measurement across 3 sources
We measured how 3 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is negative (27/100). Lens Score 75/100.
Outlets measured: thetribune, thetribune, thetribune. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (22–32/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
thetribune broke this story on 25 Sept, 02:18 pm. Other outlets followed.