IDFC First Bank

Rs 75-crore fraud in CREST accounts linked to IDFC bank reported, former manager among several booked
13 Mar

Rs 75-crore fraud in CREST accounts linked to IDFC bank reported, former manager among several booked

Gurpreet Singh0 CommentsIndia
Gurpreet Singh :- Days after a fake fixed deposit case worth Rs 116.84 crore in the Municipal Corporation in Chandigarh came to the fore, another financial fraud pertaining to irregularities of Rs 75 crore have been reported in the accounts of the Chandigarh Renewable Energy and Science & Technology Promotion Society (CREST).  According to the reports, former manager Ribhav Rishi of IDFC First Bank’s Sector-32 branch carried out the fraud with the help of some bank employees and private individuals. Following a complaint by CREST, the Chandigarh Police registered an FIR in the case on Thursday and launched investigation. Police…
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IDFC First Bank fraud: Mastermind among four arrested in Rs 590-crore case
25 Feb

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

Balwinder Singh0 CommentsHaryana, , ,
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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