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CBI Arrests 2 Bank Officials in ₹504 Crore Govt Fund Scam

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activeCyber Crime / Digital ArrestPan India

CBI Arrests 2 Bank Officials in ₹504 Crore Govt Fund Scam

The Central Bureau of Investigation arrested two senior bank officials in connection with a multi-crore government fund misappropriation case. The arrested individuals are the then Area Head of IDFC First Bank and the then Branch Manager of AU Small Finance Bank's Mohali branch. Investigators alleged that both officials played key roles in opening bank accounts used to siphon public money and enabled fraudulent transactions.

State

Multiple States

First reported

October 2026

Amount alleged

₹504 Crore

Agency involved

Central Bureau of Investigation (CBI)

Arrests

Two bank officials

Charges or sections cited

Charge sheets filed against 17 accused in the main case

Status

Two bank officials arrested and produced before the Special CBI Court in Panchkula; investigation ongoing with multiple charge sheets filed

The full story

Everything you need to know about this case, in one place.

The case involves the alleged embezzlement of ₹504 crore belonging to eight Haryana Government departments. According to investigators, surplus government funds were illegally diverted through a bank branch in Chandigarh by creating forged or non-existent fixed deposits and fake debit notes. The funds were then allegedly routed into shell entities.

The Haryana Government requested the transfer of the case, leading the CBI to take over the investigation from the Haryana State Vigilance and Anti-Corruption Bureau. Authorities have since filed charge sheets against multiple individuals and entities, including bank officials, government employees, companies, and private persons.

Not yet reported: The articles do not mention the exact dates when the fraudulent transactions occurred or when the initial complaints were lodged.

Where the case stands

The latest position in the reports we read.

The CBI has arrested two bank officials and produced them before a special court, and has filed charge sheets against 17 accused in the main case alongside related investigations.

Who was affected

Described in general terms; we do not name victims.

Eight Haryana Government departments whose surplus funds were allegedly embezzled.

How the scam worked

The method described in the reports.

Surplus government funds from various departments were targeted by the perpetrators.
Forged or non-existent fixed deposits and fake debit notes were created at a bank branch in Chandigarh.
Bank accounts were opened and used to facilitate fraudulent financial transactions.
The diverted public funds were routed to shell entities to conceal their movement.

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Sources and further reading

Optional. The full story is above; these are the original reports it was prepared from.

theindianawaaz.comOriginal report The Indian AwaazOpens via Google News CBI Chargesheet Names Six IAS Officers Among 19 Accused In ₹504-Crore Haryana Scam - GujaratSamachar EnglishGujaratSamachar English · 4 Oct 2026

Prepared by Report Scams, with the help of AI, from the published reports listed above. Check those reports for the latest. Cases here describe allegations. An FIR, arrest or charge is not a finding of guilt. To report a mistake, or to ask for a correction or removal, write to our Grievance Officer. See also the Safe Posting policy.