ED arrests two ex IDFC First Bank staff in massive Rs 645 crore embezzlement probe

Published on 12 May 2026

The alleged theft may have vanished through ghost firms

The Enforcement Directorate has arrested two former IDFC First Bank employees in connection with a money laundering investigation linked to a large-scale embezzlement case. Prosecutors allege the duo helped siphon around Rs 590 crore from Haryana government funds, using ghost companies to route and erase the money, with the total case value placed at about Rs 645 crore.

ED arrested two ex IDFC First Bank staff in Chandigarh
Probe alleges embezzlement of about Rs 590 crore from Haryana
Ghost companies are reportedly used to move and hide funds
Total case value referenced at around Rs 645 crore

#haryana government #money laundering #idfc first bank #enforcement directorate #embezzlement

Read the full story at The Economic Times

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ED arrests two ex IDFC First Bank staff in massive Rs 645 crore embezzlement probe

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