₹590 crore IDFC First Bank scam: Haryana suspends 2 IAS officers as probe widens

The Haryana government on April 9 suspended two IAS officers — Ram Kumar Singh and Pardeep Kumar— for their alleged involvement in the ₹590 crore IDFC First Bank scam, even as the vigilance probe gathers momentum and widens its ambit.

Sources indicated that more IAS officers have come under the scanner of the Haryana State Vigilance and Anti Corruption Bureau, with further action likely if their roles in the fraud are substantiated.

A 2012-batch officer, Singh was recently posted as municipal commissioner of Panchkula and also holds charge as special secretary in the state Revenue and Disaster Management Department. Kumar, a 2011-batch officer, currently serves as director of the Transport Department, having been transferred there on November 30, 2025, from his earlier role as member secretary of the Haryana State Pollution Control Board.

According to investigators, the scam revolves around a network of shell firms allegedly created by the prime accused to siphon off government funds into multiple bank accounts. The probe has already led to several arrests, including bank officials and government functionaries.

Among those held are Ribhav Rishi, a former branch manager at the bank, and Abhay Kumar. Authorities also arrested Kumar’s wife, Swati Singla, and her brother, Abhishek Singla.

Investigations have revealed that nearly ₹300 crore was allegedly funnelled into accounts linked to Swastik Desh Projects, a firm owned by Swati and Abhishek, pointing to a complex web of financial manipulation at the heart of the scam.