CBI Raids Linked to Rs 661 Crore Bank Fraud Involving IDFC & AU
The Central Bureau of Investigation (CBI) is conducting searches at multiple locations on Friday as part of an investigation into a ₹661 crore fraud case involving IDFC First Bank and AU Small Finance Bank. The investigation centres around alleged irregularities and fraudulent transactions.
According to official sources, the searches are being conducted at premises associated with senior public servants from Haryana, as well as at the offices of Vipam Consultancy Pvt Ltd, a Noida-based firm. The exact nature of Vipam Consultancy’s involvement remains under investigation, but authorities are scrutinizing its role in the alleged fraudulent activities.
The CBI registered a First Information Report (FIR) in connection with the case, alleging that the fraud involved the misuse of loan facilities and other financial irregularities. The total amount involved is estimated to be ₹661 crore, impacting both IDFC First Bank and AU Small Finance Bank. Further details regarding the specific nature of the fraud and the individuals implicated are expected to emerge as the investigation progresses.
The Haryana cadre public servants whose premises are being searched hold positions of influence, and the investigation is likely to scrutinize their potential involvement, either directly or indirectly, in the alleged fraud. The CBI’s actions highlight the seriousness of the allegations and the agency’s commitment to investigating financial crimes that impact the banking sector and public funds.
This ongoing investigation is part of a broader effort by Indian authorities to combat financial irregularities and ensure the integrity of the banking system. Updates will be provided as the CBI completes its investigation and any arrests are made.