ED searches 19 locations in Haryana, Chandigarh in ₹590 crore IDFC First bank ‘fraud’ case
Large-scale financial fraud against the Haryana Government is a serious concern.
The Enforcement Directorate (ED) conducted searches at 19 locations in Haryana and Chandigarh on March 11, 2026, as part of an investigation into the alleged embezzlement of ₹590 crore from Haryana Government accounts held with IDFC First Bank. The agency is investigating various business entities that provided accommodation entries to conceal the money trail and proceeds of crime. The funds were allegedly diverted for personal use by the accused persons, who used shell companies and real estate investments as a cover.
11 MAR 2026
· THIS STORY — The Hindu
ED searches 19 locations in Haryana, Chandigarh in ₹590 crore IDFC First bank ‘fraud’ case
14 MAR 2026
— The Hindu
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.
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