Overview
- State vigilance officials arrested former branch manager Ribhav Rishi, ex-employee Abhay Kumar, and Chandigarh residents Swati and Abhishek Singla after an FIR in Panchkula and the formation of an SIT.
- Authorities say nearly Rs 300 crore was routed to Swastik Desh Projects, owned 75% by Swati Singla and 25% by her brother Abhishek, before being moved to other accounts.
- IDFC First Bank says it has returned 100% of principal and interest to Haryana departments totaling Rs 583 crore, while the chief minister cited Rs 578 crore credited, with reconciliation under way.
- The case involves government accounts under MMGAY 2.0, with the inquiry citing forged signatures of former DG DK Behera and cheques processed despite discrepancies, including one with mismatched figures and words.
- Haryana has de-empanelled IDFC First Bank and AU Small Finance Bank from government business, KPMG has been appointed for a forensic probe, and political leaders have sought a CBI or SFIO investigation.