Jeweller arrested in IDFC First Bank fraud case in Haryana; 12th arrest

## Jeweller Arrested in Connection with IDFC First Bank Fraud The Haryana State Vigilance and Anti-Corruption Bureau (ACB) arrested Rajan Katodia, owner of Sawan Jewellers, in connection with the IDFC First Bank fraud case. Investigators discovered that over ₹250 crore was transferred to Katodia's firm from companies linked to the accused individuals, including Ribhav Rishi, Abhay Kumar, Abhishek Singla and Swati Singla. The funds were allegedly channeled through illegal means from government accounts. Preliminary investigations suggest Katodia facilitated cash conversion services for the prime accused and received a substantial commission in return. He is accused of playing a key role in the fraud's planning and execution. Katodia will be presented before a court in Panchkula, where a police remand request will likely be sought for further questioning. The case involves 12 arrests in total, including six bank employees, four private individuals, and one government official.