The Enforcement Directorate (ED) has arrested two former employees of IDFC First Bank's Sector 32 branch in Chandigarh, India, as part of a money laundering investigation involving the embezzlement of ₹645 crore ($77 million USD) in public funds. Ribhav Rishi, a former manager, and Abhay Kumar, an ex-relationship manager, were taken into custody after the ED uncovered that they had created shell entities to divert funds from various government accounts, including those of the Haryana government and local administrations. The ED's investigation revealed that Rishi established shell companies named Capco Fintech Services and RS Trader, while Kumar created Swastik Desh Projects, all to facilitate the embezzlement. The case originated from an FIR filed by the Haryana State Vigilance and Anti-Corruption Bureau, which has already arrested 11 individuals, including bank employees and a government official. The ED is now working to trace the complete money trail and identify other beneficiaries involved in the fraud.