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CBI Secures Two-Day Custody of IDFC First Bank Manager in ₹590-Crore Fraud Probe

The case now centers on alleged misuse of government accounts with a widening digital trail pointing to possible collusion.

Overview

  • The CBI obtained a two-day police remand of former IDFC First Bank manager Ribhav Rishi after registering a new case under anti-corruption and BNS laws.
  • Investigators say Rishi described shell firms and the opening of Haryana government department accounts without approvals using debit notes and signed cheques.
  • The agency reports more than 200 suspicious high-value transactions and plans to confront Rishi with WhatsApp chats after receiving CFL Panchkula forensic reports.
  • A UK-based woman filed a separate FIR alleging Rishi diverted ₹2.5 crore from her account in 2020, and Chandigarh police plan to seek a production warrant to question him.
  • Rishi has been named in earlier Chandigarh MC and CREST frauds, and current findings point to weak checks in opening accounts and verifying documents by officials under scrutiny.