Haryana Chief Minister Nayab Singh Saini Photo credit: ANI
“Nearly ₹556 crore, including nearly ₹22 crore in interest, was returned within 24 hours,” Saini said in the House of Representatives.
On Sunday, the bank disclosed fraud worth ₹590 crore committed by its employees and others in accounts of the Haryana government.
“I would like to clarify before the House that the money pertaining to Haryana government departments, (the) entire amount has been returned to our accounts… The recovery has been made within 24 hours,” Saini said.
He said the bank had informed the government that the incident mainly related to a particular branch of the bank in Chandigarh, involving four to five middle and lower grade bank employees who conspired in the entire case.
The government will ensure that anyone involved – be it a bank employee, private individual or even a government employee – will not be spared, he said.
On Monday, Saini said the state anti-corruption bureau would conduct a thorough investigation into the fraud.
“We have formed a committee headed by the Finance Minister in this entire issue,” Saini said on Monday.
Saini, during a visit to the Congress, said that during the party’s time, scams were hushed up and no one was held accountable, while the BJP government works with zero tolerance towards corruption.
The Opposition Congress had raised the IDFC First Bank issue in the Assembly.
The ₹590 crore fraud involving Haryana government accounts is the result of a conspiracy between IDFC Bank employees and third parties, the bank’s Managing Director and CEO V Vaidyanathan said on Monday.
In a specially convened call to investors and analysts ahead of the opening of the stock markets, Vaidyanathan said the bank will make a number of provisions in view of the fraud.
Published on February 24, 2026
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