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SatyaDheesh
India's Ground Truth Record
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VOL. I · EST. 11.2025 
SatyaDheesh
सत्याधीश
India's Ground Truth Record
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Timelines/Concluded

Sawan Jewellers Owner Arrested in Bank Fraud Case

2 UPDATES · 4 DAYS · 11 MAR 202614 MAR 2026

ChandigarhHaryana

Latest · 14 Mar 2026

Rajan Katodia, owner of Sawan Jewellers, was arrested in connection with the IDFC First Bank fraud, which involved the transfer of over ₹250 crore from companies linked to the accused.

What this timeline covers

This event covers the Enforcement Directorate's search at 19 locations in Haryana and Chandigarh on March 11, 2026, as part of the investigation into the alleged embezzlement of ₹590 crore from Haryana Government accounts, including any reactions, analyses, and follow-up developments related to this specific occurrence. It excludes other actions or investigations by the Enforcement Directorate, Haryana Government, or IDFC First Bank unless they are direct developments or consequences of this particular search and investigation.