Haryana ACB Freezes 100 Bank Accounts in Major Rs 590 Crore Scam Investigation
In a significant development, the Haryana State Vigilance and Anti-Corruption Bureau (ACB) has requested a debit freeze on 100 bank accounts connected to a massive Rs 590 crore bank scam. This action was announced by officials on Thursday, marking a crucial step in the ongoing probe into fraudulent financial activities.
Shell Firms and Government Departments Implicated
Speaking at a press conference in Panchkula, ACB Additional Director General of Police (ADGP) Charu Bali revealed that preliminary findings indicate unauthorised financial transactions involving accounts of eight government departments. The accused allegedly floated shell firms and routed funds through them to conceal the illicit activities.
Key companies identified in the scam include:
- RS Traders
- Cap Co Fintech Services
- SRR Planning Gurus Pvt Ltd
- Swastik Desh Project
According to the Vigilance Bureau, funds from government department accounts were diverted into the accounts of these entities, facilitating the large-scale fraud.
Extensive Raids and Seizures Conducted
As part of the investigation, the ACB conducted extensive raids at 16 locations across the region. During these operations, investigators collected video footage from several premises and seized more than 25 electronic devices, including mobile phones and laptops. These devices are currently being examined by a cyber forensic laboratory to uncover digital evidence.
Notable seizures include:
- 6 vehicles suspected to have been purchased using proceeds of the crime:
- 3 Toyota Fortuners
- 2 Toyota Innovas
- 1 Mercedes
- Approximately 10 immovable properties suspected to have been acquired with illegally diverted funds
Bank Accounts and Transaction Methods
ADGP Bali stated that investigators have identified 12 bank accounts belonging to eight government departments that were used in the fraudulent transactions. Of these, 10 accounts were maintained at IDFC First Bank in Sector 32, Chandigarh, while two accounts were with AU Small Finance Bank.
The accused allegedly carried out transactions using fake debit memos or by bypassing valid debit memos and cheques in bank records. Fake bank statements were reportedly generated to facilitate the transfer of funds to accounts directly or indirectly linked to the accused and their family members.
Ongoing Investigation and Legal Framework
A large volume of banking and departmental records has been obtained and is currently being analysed to identify authorised and unauthorised transactions and trace the complete fund trail. The VB is sharing information with other investigating agencies and conducting the probe in coordination with multiple government departments.
Officials confirmed that interrogation of the arrested accused is continuing, and further major revelations are expected as the investigation progresses. The case was registered on February 23, 2026, at the SV&ACB police station in Panchkula under Section 13(2) read with 13(1)(a) of the Prevention of Corruption Act, 1988 (amended in 2018) and several sections of the Bharatiya Nyaya Sanhita, 2023.
The debit freeze means that while money can be credited to the affected accounts, it cannot be used to spend, withdraw, or transfer funds out, effectively locking the suspected illicit assets while the investigation continues.
