Haryana’s State Vigilance and Anti-Corruption Bureau has arrested four individuals in the IDFC First Bank fraud case, officials said on Wednesday. Among those arrested are two former employees of IDFC First Bank and two private individuals who run a partnership firm, officials said.
Speaking to reporters in Panchkula, ACB Director General A S Chawla named the four arrested persons as Ribhav Rishi, Abhay Kumar, Swati Singla and Abhishek Singla. Rishi and Abhay are ex-employees of IDFC First Bank. Swati and Abhishek are siblings who operated a partnership firm named Swastik Desh Project. The arrests were made on Tuesday evening as part of the ongoing probe into the fraud, he added.
Rishi was heading the bank’s Sector 32 branch until six months ago, when he resigned from his position. Abhay, who worked as the bank’s relationship manager, left his job around August last year, Chawla said.
According to Chawla, Rishi and Abhay were the main masterminds behind the fraud. He said that nearly Rs 300 crore was transferred to the bank account of Swastik Desh Project. The officer added that Swati Singla is the primary owner of the firm, holding a 75 per cent stake, while her brother Abhishek Singla owns the remaining 25 per cent. “Swati Singla is Abhay’s wife. All four accused have been arrested,” Chawla said.
Earlier, the Anti-Corruption Bureau had filed an FIR in the case. The state government also set up a committee to examine the matter in detail.
Chawla further said that a Special Investigation Team has been set up under the supervision of senior IPS officer Ganga Ram Punia to probe the case further. On Sunday, IDFC First Bank disclosed a fraud of Rs 590 crore. The bank said the fraud was committed by its employees and others in accounts linked to the Haryana government.
On Tuesday, Chief Minister Nayab Singh Saini told the Assembly that the government would not spare anyone found involved in the scam. Leader of Opposition Bhupinder Singh Hooda and Haryana Congress chief Rao Narender Singh have sought a CBI probe into the case.
Also read: ₹556-cr recovered in IDFC bank fraud: Haryana CM
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