Bank fraud....

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Idfc first bank fraud

Now in haryana state in chandigargh at 32 sector 590 core fraud by the employees have come to the front. Haryana government had deposited quasi earnings account in the particular idfc first bank. At when government went to withdraw the said the bank details could not matched. Then fraud detected amount590 core. The bank hiearchies admit such fraud is not cyber fraud rather some emoloyees have done such. Soon 4 employees suspended. The listed bank's fraud impact reacted before capital market.15000 core investors loosed as the idfc first bank investor. Now private Ltd banks are getting hinders for share sequestration. Some critics say if frauds then where will be PPP mode. All banks run their net as Ltd organization with 50:50 partnership. Any way the said bank hiearchies say no big loss. No private deposits have been affected. Question comes how the PPP mode are being executed before the Ltd bank.