Nayab Singh Saini, the Chief Minister of Haryana, said the government has taken strict action after two big fraud cases were discovered involving bank deposits.
Two IAS officers, who are among the top government officials, have been suspended for their alleged role. Kotak Mahindra Bank has also been de-empanelled, meaning it has been removed from the list of banks approved to handle government work.
The Chief Minister of Haryana, said that a committee and the Anti-Corruption Bureau had already conducted initial investigations into these cases, and action was taken based on their findings. The probe has now been handed over to the CBI for a more detailed and comprehensive investigation. The Chief Minister also clarified that the transfer of some officers was part of routine administrative processes and not necessarily linked to the scam. He further stressed that strict action will continue and no one will be spared, regardless of how powerful or influential they may be.
What were the scams?
IDFC FIRST Bank case – Around ₹590 crore of government funds kept in fixed deposits was found to be involved in irregularities. However, the Chief Minister claimed that swift action was taken, and the entire amount was recovered within 24 hours.
Kotak Mahindra Bank case – Around ₹160 crore belonging to the Panchkula Municipal Corporation was allegedly misused in the case. However, authorities have stated that the entire amount has now been recovered.
