IDFC First Bank

IDFC First Bank fraud: Mastermind among four arrested in Rs 590-crore case

IDFC First Bank fraud: Mastermind among four arrested in Rs 590-crore case

Balwinder Singh :- In a significant development in the ₹590-crore IDFC First Bank fraud case in Haryana, the State Vigilance Bureau has arrested four people, including the alleged mastermind, for allegedly siphoning off government funds through fraudulent transactions.  The accused have been identified as Ribhav Rishi, Abhay Kumar, Swati Singla and Abhishek Singla. Two of them are former officials of IDFC First Bank, while the other two are private individuals who run a partnership firm. Investigators said Rishi, a former branch manager of the bank who is now employed with AU Small Finance Bank in Chandigarh, allegedly masterminded the conspiracy…
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