🔴 LATEST UPDATE (Feb 2026): 4 Masterminds Arrested | ₹583 Crore Fully Refunded by Bank 1. Key Details of the Incident In February 2026, a massive financial irregularity surfaced at IDFC First Bank. Described as “banking’s oldest fraud,” the incident relied entirely on paper-based manipulation and internal collusion rather than a digital cyberattack. Location & […]
1. Key Details of the Incident In February 2026, a massive financial irregularity surfaced at IDFC First Bank, rocking the banking sector. Described by the bank’s management as “banking’s oldest fraud,” the incident relied entirely on paper-based manipulation rather than a digital cyberattack. Location & Entity: IDFC First Bank, Chandigarh Branch. Amount Involved: Approximately ₹590
Key Details The Andaman Cooperative Bank scam involves the fraudulent sanctioning of loans amounting to over ₹500 crore through more than 100 loan accounts. The scam came to light when a police complaint was filed by the Deputy Registrar of Cooperative Societies. The Enforcement Directorate (ED) and the Criminal Investigation Department (CID) have both launched
