A Development and Panchayat Department official has been dismissed by the Haryana government over his alleged role in the Rs 590 crore IDFC First Bank fraud case.
According to an official statement issued on Friday, Naresh Bhuwani, a Superintendent in the Development and Panchayats Department, has been removed from service. The action was taken under Article 311(2)(b) of the Constitution after an investigation found evidence pointing to his involvement in a criminal conspiracy.
The statement said the decision reflects the government’s zero-tolerance policy towards corruption and financial misconduct. The spokesperson added that Chief Minister Nayab Singh Saini had directed departments to take strict action against corruption at all levels, stressing that no official would be spared if found guilty, irrespective of rank or position.
An inquiry committee formed in February 2026 by the Director of the Development and Panchayats Department had detected irregularities and discrepancies in accounts operated in IDFC First Bank and AU Small Finance Bank. Based on the findings and supporting records, the matter was referred to the State Vigilance and Anti-Corruption Bureau (SV&ACB) for a criminal probe.
Following this, an FIR was registered on February 23, 2026, at the SV&ACB police station in Panchkula under relevant provisions of the Prevention of Corruption Act and the Bharatiya Nyaya Sanhita.
Investigators later found that the case involved an organised and multi-layered financial fraud. Government funds were allegedly diverted to shell companies through fraudulent banking transactions.
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