- UK-based NRI woman alleges ₹2.5 crore investment fraud; police begin probe into financial transactions
Punjab Newsline | Chandigarh
The alleged mastermind behind a ₹590 crore scam, Former IDFC First Bank manager Rishabh Rishi, has been booked in another case in Chandigarh. He is accused of cheating an NRI couple of ₹2.5 crore.
The complaint has been filed by the couple residing in London (UK)—Taranjit Kaur Bains and Harbant Singh at Sector-17 police station, They alleged that she had sold a plot in Chandigarh. Out of the sale proceeds, ₹2.5 crore was invested by Rishabh after luring them with promises of high returns. However, neither the invested amount nor any profit was returned.
Police have registered a case and started an investigation. Given the seriousness of the allegations, financial transactions and related documents are being thoroughly examined. The role of other possible accused is also under scrutiny.
It is noteworthy that in February 2026, the Haryana Vigilance and Anti-Corruption Bureau had already arrested Rishabh Rishi, considering him the mastermind of a major bank scam. At that time, his wife Swati Singla and brother-in-law Abhishek Singla, along with other accused, were also arrested.