India, May 16 -- Haryana IDFC First Bank is going through a deep controversial crisis. This comes after the alleged illegal siphoning of public money worth Rs 645 crore from government-penned accounts maintained at the bank's Sector 32 branch in Chandigarh in a scam involving two former bank employees, the police says.

The case has been traced back to February when the fraudsters, Ribhav Rishi and Abhay Kumar had allegedly left the bank and the officials at the bank opened a new account, a routine closure revealed that the official records did not match with the actual balance of the accounts. The shopkeeper's account in the bank had recovered 3 crore rupees that was allegedly taken from multiple accounts of the Haryana Government.

How ...