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Haryana dismisses official in 590 crore IDFC First Bank fraud conspiracy
India
Published on 25 April 2026
Funds reportedly routed through shell companies
Haryana has dismissed a Development and Panchayat Department superintendent, Naresh Bhuwani, linked to a reported Rs 590 crore IDFC First Bank fraud. The state alleges a criminal conspiracy behind fraudulent banking transactions, with government money transferred to shell companies. The action signals tightening scrutiny of public funds and financial controls as investigations continue.
- Haryana dismissed Naresh Bhuwani from service
- Case involves alleged Rs 590 crore IDFC First Bank fraud
- State claims funds were routed to shell companies
- Authorities allege a wider criminal conspiracy in transactions
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times