The development comes after a Rs 590 crore fraud was surfaced at IDFC First Bank’s Chandigarh branch.
The Chandigarh branch of IDFC First Bank is at the centre of the alleged Rs 590-crore fraud involving Haryana government accounts. | IANS
The Government of Haryana on Tuesday constituted a high-level committee to probe the unauthorised transfer of funds from IDFC First Bank and AU Small Finance Bank and to review the State Bank Policy.
The committee will comprise Arun Kumar Gupta, IAS, Additional Chief Secretary to Government Haryana, Finance Department, Anish Yadav, IAS, Director, Development & Panchayats, Haryana, Vinay Kumar, IRPS, Commissioner, Municipal Corporation, Panchkula, and Satish Kumar, HCS, Deputy Secretary, Haryana Public Service Commission, Panchkula.
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The development comes after a Rs 590 crore fraud was surfaced at IDFC First Bank’s Chandigarh branch. The alleged fraud came to light after Haryana government found mismatch in the actual bank balance and the ammount reflecting in the bank.
Following this, the state government barred the IDFC First Bank and the AU Small Finance Bank from handling government transactions. The government also directed all its departments to transfer existing balances and close accounts in these two banks with immediate effect.
The committee formed today has been tasked to examine all aspects relating to the empanelment of IDFC First Bank and AU Small Finance Bank, including the “decision taken by the concerned departments to deposit substantial Government funds in these banks and issues relating to non-reconciliation by Government departments.”
It will also probe any lapses, procedural deficiencies, or systemic failures in this regard.
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