IDFC First Bank on Friday informed the stock exchanges that there is no additional financial liability on the bank in the Chandigarh case. The bank has issued a clarification on the media reports on Friday morning. The bank said that the amount being mentioned in the news is a part of the earlier settlement and its information has already been given. Meanwhile, the Enforcement Directorate (ED) on Wednesday raided 19 locations including Chandigarh, Mohali, Panchkula, Gurugram and Bengaluru in a case of fraud worth Rs 597 crore. This action was taken in the case of embezzlement of funds linked to government accounts, which were maintained in IDFC First Bank.
Investigation into Rs 597 crore scam related to IDFC First Bank intensified, red market in 5 cities including Chandigarh
