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Bank Fraud

Haryana Suspends Two IAS Officers in Rs.590 Crore Bank Scam

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The Haryana government has finally taken action against the top officers and suspended two IAS officers in connection with a ₹590 crore scam involving IDFC First Bank and AU Small Finance Bank. The investigation has also been handed over to CBI.

Ram Kumar Singh, an IAS officer of the 2012 batch, has been suspended with immediate effect. He was working as Additional CEO of the Panchkula Metropolitan Development Authority and also held charge in the Revenue and Disaster Management Department.

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In a separate order, Pardeep Kumar-1, an IAS officer of the 2011 batch, has also been suspended. He was serving as Director of State Transport and Special Secretary in the Transport Department.

During the suspension period, both officers will be posted at the office of the Chief Secretary to the Government of Haryana (Services-I Branch) in Chandigarh.

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In another update, the State Vigilance and Anti-Corruption Bureau (SV&ACB) has arrested Pushpender Singh, Deputy Vice President of Kotak Mahindra Bank, in connection with ₹150 crore scam involving the diversion of funds from the Municipal Corporation (MC), Panchkula. He surrendered before the agency on Wednesday morning and was later arrested. He is the sixth accused in this major financial fraud case and will be produced in court. [Click here to read this news]

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Pradeep Singh

Pradeep Singh is a banking and finance expert covering financial markets, banking policies, and global economic trends. With a background in financial journalism, he brings in-depth analysis and expert commentary on market movements, government policies, and corporate strategies. His articles provide valuable insights for investors, entrepreneurs, and business professionals.
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