IDFC First Bank scam: Key accused Ribhav Rishi sent to judicial custody
Indian Express·4h ago·Neutral
What Happened
A Special CBI Court in Panchkula sent Ribhav Rishi, a key accused in the IDFC First Bank scam, to judicial custody Wednesday. The case involves alleged siphoning of Haryana government funds through shell companies and fraudulent banking transactions. The CBI investigation reveals a multi-layered network creating fake firms mimicking government vendors to divert public funds from official accounts using forged cheques and unauthorized transactions.
Key Entities
Ribhav RishiIDFC First BankCBIPanchkulaHaryana GovernmentAbhay KumarSwatiAbhishek SinglaNaresh KumarManish Jindal