New Delhi, March 11 -- The Enforcement Directorate (ED) on Wednesday conducted searches at 19 premises in Chandigarh, Haryana and Punjab in relation to the recent fraud that happened at IDFC First Bank, Chandigarh branch, officials said.

The raids were conducted at locations in Chandigarh, Gurugram in Haryana and Mohali in Punjab.

The searches are underway to unearth the money trail and proceeds of crime, wherein approximately 590 crores have been embezzled from the Haryana government bank accounts maintained in IDFC First Bank. ED's Chandigarh zonal office is conducting the search operation.

Officials said the fund of Rs 590 crore was deposited by the various government agencies of the Haryana government in IDFC First Bank. "These fun...