India, May 13 -- The Enforcement Directorate (ED) on Tuesday said it has arrested two former employees of an IDFC First Bank branch in Chandigarh in a money laundering case linked to the alleged embezzlement of Rs 590 crore in Haryana government funds, in addition to cheating some other entities.

Ribhav Rishi, a former manager, and Abhay Kumar, an ex-relationship manager, with the bank's Sector 32 branch in Chandigarh, were taken into custody on Monday, the central agency said in a statement.

A special Prevention of Money Laundering Act (PMLA) court has sent them to ED custody till May 21.

The ED said the investigation conducted so far detected embezzlement of public funds amounting to Rs 645 crore from the bank accounts maintained wit...