Ex-IDFC First Bank employees sent to police remand in Rs 590-crore scam

The accused allegedly siphoned off funds, and 11 persons have been arrested in the case

Tribune News Service

Chandigarh, Updated At : 05:51 PM Mar 30, 2026 IST

Photo for representational purpose only. iStock

A local court has sent three ex-IDFC First Bank employees, Ribhav Rishi, Abhay Kumar, and Seema Dhiman, to four-day police remand in a fraud case. The Chandigarh Police produced them in court after their seven-day remand ended.

The accused allegedly siphoned off funds, and 11 persons have been arrested in the case. The probe began on February 24 after a Rs 590-crore scam came to light in Haryana.

Two cases have been registered against the accused by the Economic Offences Wing, Chandigarh Police, by the officials of Chandigarh Municipal Corporation and CREST, involving scam of Rs 116 crore and Rs 75 crore, respectively. The court will decide on further action.

Tags :

#BankingFraud #CREST #EconomicOffences #ExEmployees #FinancialScam #FraudCase #IDFCFirstBank ChandigarhPolice municipalcorporation PoliceRemand

Ex-IDFC First Bank employees sent to police remand in Rs 590-crore scam

The accused allegedly siphoned off funds, and 11 persons have been arrested in the case

Ramkrishan Upadhyay

Tribune News Service

Read what others can’t with The Tribune Premium