Rs 590 Crore Fraud at IDFC First Bank Spurs Arrests and Investigations in Haryana

A Rs 590 crore fraud involving government funds from Haryana state departments was uncovered at IDFC First Bank's Chandigarh branch. The Anti-Corruption Bureau (ACB) registered a case on February 23, 2026, and arrested 11 individuals, including bank employees and private persons. Investigations revealed fake companies used to divert funds into multiple accounts, with over 100 accounts frozen and luxury assets seized. The ACB seeks facial biometric verification of accused Abhishek Singla to access data on his secured iPhone 15 for further inquiry.