Chandigarh, Feb. 25 -- Haryana chief minister Nayab Singh Saini informed the state assembly on Tuesday that the entire amount deposited with IDFC First Bank has been recovered, including interest, in a major development that came within 24 hours of the fraud coming to light, giving a much-needed respite to the government.

The whiff of the financial scandal had hit the government close on the heels of the Budget session, becoming public on February 22 and putting the Saini dispensation on the back foot. The firefight began after IDFC First Bank disclosed that it had detected suspected fraudulent transactions to the tune of Rs.590 crore in its Chandigarh branch related to Haryana government departments accounts.

On Monday, as the Congress...