India's CBI expands investigations into major bank frauds

The Central Bureau of Investigation (CBI) has widened its probe into a multi‑crore fraud at IDFC First Bank in Haryana, where roughly Rs 50 crore from the Haryana Labour Welfare Board was allegedly diverted through shell companies and senior bureaucrats. The agency has filed charge sheets against several individuals, arrested three IAS officers, and sought permission to collect voice samples of key accused to aid forensic analysis.

In a separate case, the CBI registered a fraud investigation involving directors of a Mumbai‑based private firm accused of colluding to obtain fraudulent loans from the State Bank of India, resulting in an estimated loss of Rs 133.5 crore. The FIR names multiple directors and mentions raids across locations, with the CBI gathering documents to trace the misuse of the credit facilities.