Haryana Chief Minister Nayab Singh Saini said that the money lost in the fraud at IDFC FIRST Bank has been fully recovered within 24 hours. The fraud involved about ₹578–590 crore, which was wrongly taken from bank accounts linked to Haryana government departments, boards, and corporations. But the Chief Minister said that the entire amount has now been brought back quickly, within one day. This means the government has not suffered any financial loss because the money was recovered in time.
The Chief Minister also said that a senior committee will look into the fraud case. This committee will find out exactly what happened and suggest ways to stop such frauds from happening again in the future. He assured that strict action will be taken against all the people involved in the fraud. Some employees from the IDFC FIRST Bank branch in Chandigarh were found to be involved, and they have been suspended from their jobs. The Chief Minister also said that if any government official is found involved, they will also face strict action, and no one will be protected.
Meanwhile, RBI Governor Sanjay Malhotra said that this fraud is not a system-wide problem and does not affect the entire banking system. He added that the Reserve Bank of India is closely monitoring the situation.
