The Central Bureau of Investigation (CBI) is preparing to take over a significant embezzlement case involving ₹590 crore from the Haryana government's accounts with IDFC First Bank, located in Chandigarh, India. Official sources confirmed that the Haryana government decided to transfer the investigation to the CBI last month. An FIR will soon be registered based on an existing case from the Haryana State Vigilance and Anti-Corruption Bureau. The alleged fraud involves bank employees and private individuals who reportedly diverted government funds intended for fixed deposits into personal accounts. Preliminary investigations reveal that large sums were funneled to shell companies and minor jewelry entities, disguised as investments in gold and real estate. The investigation also scrutinizes the activities of a hotelier based in Chandigarh, linked to real estate projects in the region. IDFC First Bank has stated that it has reimbursed the Haryana government a total of ₹583 crore, covering both principal and interest, and is committed to collaborating with authorities to recover losses and address the fraudulent activities.