In a significant development during the ongoing Budget Session of the Haryana Vidhan Sabha, Chief Minister Nayab Singh Saini addressed the House on the controversial multi-crore transaction case linked to IDFC First Bank, asserting that the entire amount under scrutiny has been successfully secured and returned to government accounts within 24 hours due to swift administrative intervention. Making a detailed statement before legislators, the Chief Minister clarified that the funds which had triggered political uproar and intense debate were no longer at risk and had been fully restored to the state treasury, emphasizing that proactive monitoring and rapid response mechanisms prevented any financial loss to the public exchequer. He underscored that the government acted with urgency the moment irregularities surfaced, coordinating with financial institutions and enforcement agencies to ensure that every rupee belonging to the people of Haryana was safeguarded without delay.
Addressing concerns over accountability, the Chief Minister revealed that preliminary findings indicate possible involvement of four to five employees from the bank’s Chandigarh branch, suggesting that the matter may have originated at the operational level within the institution. He assured the Assembly that the investigation would not be selective and that no individual—whether a bank employee, private intermediary or government official—would be shielded if found complicit. His remarks come amid mounting political scrutiny, with opposition parties demanding transparency and systemic reforms in the handling of public funds deposited in private banking institutions. The Chief Minister maintained that the government’s response demonstrated administrative vigilance and institutional strength, countering allegations that the episode reflected governance lapses.
Recognizing the seriousness of the case, the Haryana government has constituted a high-level inquiry committee under the leadership of the state’s Finance Secretary to conduct a comprehensive investigation. The committee has been tasked not only with examining the sequence of transactions and identifying procedural breaches but also with recommending structural safeguards to prevent recurrence of similar incidents. Officials indicate that the probe will evaluate internal financial controls, banking partnerships and inter-departmental monitoring systems, reflecting a broader effort to reinforce fiscal discipline and transparency in public fund management. The government has signaled that corrective measures may include revised protocols for government deposits, enhanced audit trails and stricter compliance mechanisms for banks handling state funds.
In a politically charged moment, the Chief Minister also used the occasion to reassure citizens about financial integrity and governance standards under the current administration. Referring to Prime Minister Narendra Modi as a vigilant guardian of public resources, he stated that the earnings of Haryana’s 2.80 crore residents would remain protected under a system that prioritizes accountability and zero tolerance toward financial misconduct. He emphasized that governance in Haryana has evolved to ensure close scrutiny of every transaction involving public money, projecting the government’s swift action as evidence of institutional robustness rather than systemic weakness.
The IDFC-related controversy has rapidly become a focal point of political debate in Haryana, with opposition parties framing it as a test of transparency while the ruling establishment presents the rapid recovery of funds as proof of administrative competence. As the Budget Session progresses, the findings of the high-level committee and any subsequent legal action are likely to shape the political narrative in the state. The government’s commitment to a time-bound and impartial investigation will be closely watched by both legislators and citizens, particularly in the context of fiscal governance, public accountability and electoral positioning in Haryana’s evolving political landscape.
This is a web generated news report.