क्या Bank में आपका पैसा सुरक्षित है? | The Shocking IDFC First Case Explained скачать в хорошем качестве

क्या Bank में आपका पैसा सुरक्षित है? | The Shocking IDFC First Case Explained

In this video for The Red Mike, journalist Milan Sharma breaks down a massive financial scandal involving IDFC First Bank and the Haryana Government. We often deposit our hard-earned money in banks thinking it's the safest place, but this case is a wake-up call. Imagine heading to the bank for an emergency—like a wedding or a medical bill—only to find your account drained. Here are the key takeaways from Milan’s report: A ₹590 Crore Hole: The fraud came to light when a Haryana government department tried to close its account and move funds, only to find a massive discrepancy. Internal Involvement: The bank has already suspended four employees, alleging a conspiracy between staff and outsiders. Market Shock: Following the disclosure, IDFC First Bank’s stock plummeted by over 20%. Government Action: The Haryana government hasn't just filed a case; they've blacklisted the bank from state dealings. [00:00:00 - 00:01:41] The Shocking Discovery of the Fraud Milan Sharma opens with a relatable scenario: the trust we place in banks. She explains that the IDFC First Bank fraud isn't just a small error; it’s a ₹590 crore scam involving Haryana government funds. The discrepancy was caught only when the government tried to shift its money to another bank. Ironically, the fraud amount is larger than the bank’s entire quarterly earnings of ₹503 crore. Milan Sharma: "IDFC फर्स्ट नाम के बैंक ने सरकार के साथ धोखाधड़ी की है। बैंक के ही कुछ कर्मचारी हरियाणा सरकार के विभाग से जुड़े अकाउंट से ₹590 करोड़ की धोखाधड़ी में शामिल थे।" [00:49] [00:01:42 - 00:02:51] Bank’s Immediate Reaction and Damage Control As soon as the news broke, the bank's reputation took a massive hit. Milan notes that the bank’s shares crashed by 20%. To manage the crisis, the bank suspended four employees from its Chandigarh branch and initiated a forensic audit through KPMG. They claim the "irregularities" are limited to specific government accounts in that one branch, but the scale remains alarming. [00:02:52 - 00:05:59] Management’s Defense: "Internal Controls were Overlooked" Milan cites an interview given by CEO V. Vaidyanathan to the Economic Times. He argues that the bank has all necessary checks—like "maker-checker" systems and SMS alerts—but in this specific instance, there was a "connivance" or secret cooperation between employees and third parties to bypass these systems. Milan Sharma: "वी वैद्यनाथन यह कह रहे हैं कि कनाइवेंस हुई है किसी एंप्लाइज के बीच में और थर्ड पार्टीज के बीच में... और इसीलिए यह जो क्लीयरेंस वाले स्टेप हैं इनको ओवरलुक करके यह फ्रॉड किया गया।" [04:06] The Haryana government has since blacklisted both IDFC First Bank and AU Small Finance Bank, ordering all state departments to shut their accounts with them immediately. [00:06:00 - 00:08:04] Political Fallout and Government’s Stance The video features Haryana Chief Minister Nayab Singh Saini, who assures the public that the money is safe and will be recovered with interest. He emphasizes that the Anti-Corruption Bureau and Vigilance department are on the case, and no one—whether a bank staffer or a government official—will be spared if found guilty. Nayab Singh Saini: "पैसा पूर्ण रूप से सुरक्षित है। एक-एक पैसा वापस आएगा। जो दोषी होगा कोई बखशने का सवाल नहीं, उसके खिलाफ बिल्कुल सख्त कारवाई होगी।" [07:54] Conclusion Milan Sharma wraps up with a sobering thought for the common man. If a state government’s massive treasury isn't safe from internal bank fraud, where does that leave the average citizen? While the government has the muscle to fight back and recover funds, an ordinary person would likely be stuck in a never-ending cycle of FIRs and bank visits. This case serves as a grim reminder that "safe as a bank" might not be as certain as we once believed. ______________________________________ #idfc #idfcfirstbank #bankfraud #rbi #haryana #nayabsaini Join this channel to get access to perks:    / @theredmike.   The Red Mike is a new movement in centrist Journalism. We tell your stories. Ground reports the way they should be. To say what’s right, and not what is just popular. Stories from India & around the world that impact and affect you. Your Mike. Your Story. . For advertisement & Sponsorship Email us at - ads@theredmike.com WhatsApp Number: +91- 9821728111 . . . . रेड माइक पत्रकारिता में एक नया आंदोलन है। हम आपकी कहानियाँ सुनाते हैं। ग्राउंड रिपोर्ट वैसी ही जैसी होनी चाहिए. बात ऐसी जो सही हो, सिर्फ़ लोकप्रिय नहीं। भारत और दुनिया भर से कहानियाँ जो आपको प्रेरित और प्रभावित करती हैं। लाल माइक - आपका माइक, आपकी आवाज़। FOLLOW US ON FACEBOOK : facebook.com/TheRedMike FOLLOW US ON TWITTER : x.com/theredmike FOLLOW US ON INSTAGRAM : instagram.com/theredmike FOLLOW US ON WHATSAPP : whatsapp.com/channel/0029VaGhJSNCxoB5Wfdedr0Z #TheRedMike #लालमाइक #laalmike