{"@context":"https://schema.org","@type":"NewsArticle","mainEntityOfPage":{"@type":"WebPage","@id":"https://www.timecybermedia.com/Pages/india/Banking & Finance/idfc-first-scam-100-crore-trail-tracked-to-firm-owned-by-siblings"},"headline":"IDFC First Scam: ₹100-Crore Trail Tracked to Firm Owned by Siblings","description":"Investigators probing the alleged fraud at IDFC First Bank have traced nearly ₹100 crore to a company reportedly owned by siblings, widening the scope of the financial misconduct case.","image":["https://res.cloudinary.com/donttjaap/image/upload/v1771997856/primetime_news/euqlpkk2pjyg32cmco9n.avif"],"datePublished":"2026-02-25T05:37:36.734Z","dateModified":"2026-02-25T05:37:36.734Z","author":{"@type":"Person","name":"Riddhima Vashisht","url":"https://www.timecybermedia.com"},"publisher":{"@type":"Organization","name":"Time Cyber Media","logo":{"@type":"ImageObject","url":"https://www.timecybermedia.com/logo.png"}},"articleSection":"india","articleBody":"

Authorities investigating the alleged scam involving IDFC First Bank have identified a ₹100-crore money trail linked to a private firm said to be owned by two siblings. The development marks a significant breakthrough in the ongoing probe.

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Money Trail Uncovered

According to officials, forensic analysis of financial transactions revealed that substantial funds were routed through layered accounts before reaching the firm. Investigators are examining whether the transfers were part of a larger scheme involving fraudulent loans or financial misrepresentation.

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Regulatory Scrutiny

Banking regulators and enforcement agencies are reviewing internal processes, including due diligence and compliance mechanisms, to determine how the transactions went undetected.

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Possible Legal Action

Sources indicate that summons and further questioning of key individuals are likely in the coming days. Authorities are also assessing whether additional entities were involved in the alleged diversion of funds.

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The case has sparked renewed concerns about financial governance and risk management practices within the banking sector.