IDFC First Bank-AU Finance Bank fraud case: CBI conducts searches at six locations
The CBI has raided six locations in connection with a ₹661 crore fraud involving the misappropriation of government funds from Haryana and Chandigarh. The investigation involves IDFC First Bank, AU Finance Bank, and several senior public servants.
Why it matters
This investigation exposes significant corruption and financial mismanagement within Indian state administrative departments.
The CBI has conducted searches at six locations in Chandigarh, Panchkula and Delhi-NCR in connection with an alleged ₹661 crore fraud involving the siphoning of government funds from departments of the Haryana government and the Chandigarh administration, officials said on Sunday (June 7, 2026). The searches were carried out on Friday (June 5, 2026) at premises linked to senior Haryana cadre public servants and Noida-based Vipam Consultancy Pvt Ltd and its director as part of an ongoing probe into the alleged misappropriation of funds parked with IDFC First Bank and AU Finance Bank, an official statement said.
The article reports on official CBI actions and legal developments without bias.
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