The Central Bureau of Investigation (CBI) has initiated an investigation into the alleged misappropriation of over ₹550 crore (approximately $66 million USD) of Haryana government funds linked to IDFC First Bank and AU Small Finance Bank. The CBI's case replicates a report filed by the Haryana Anti Corruption Bureau (ACB) on February 23, detailing serious allegations of organized fraud involving fictitious transactions aimed at diverting government funds into shell companies, such as Swastik Desh Project and Cap Co Fintech Services. Additionally, a second case regarding a ₹150–160 crore (approximately $18–20 million USD) fraud involving the Panchkula Municipal Corporation could also be handed over to the CBI. In response to the situation, IDFC First Bank confirmed that it has repaid 100% of the principal and interest, totaling ₹583 crore, to the relevant Haryana government departments. Meanwhile, AU Small Finance Bank stated there was no evidence of financial misconduct affecting its operations. The investigation coincides with a significant administrative reshuffle in Haryana, which has seen the transfer of four IAS officers and the suspension of two others, although the connection to the fraud cases remains unclear.