The Haryana Government has dismissed Rajesh Sangwan, Controller, Finance and Accounts, Haryana State Agricultural Marketing Board (HSAMB), for Rs 10 crore fraud in the IDFC First Bank and AU Small Finance Bank scam.The scam involved around Rs 590 crore, belonging to several Haryana Government departments.Sangwan was suspended after his arrest on March 14 in connection with the scam. The State Vigilance & Anti-Corruption Bureau (SV&ACB), Haryana, registered the FIR in the case on February 23, and later, on April 8, CBI did so. It involved a large-scale multi-layered financial fraud involving manipulation of official processes, fraudulent banking operations, and execution of fictitious financial transactions to siphon off government funds into shell entities and accounts controlled by the accused, said Sangwan’s dismissal order, dated April 30.Sangwan was responsible for financial supervision and matters related to the opening and operation of HSAMB’s bank accounts. The proposal to open an HSAMB bank account with IDFC First Bank was initiated on July 2, 2025. The initial proposal was moved by Shamim Dar, Area Head, Government Banking Group, IDFC First Bank, Chandigarh, and the account-opening form was completed on July 7, 2025. The account was opened on July 10, 2025. The alleged mastermind of the scam, Ribhav Rishi, was the branch manager at the relevant time.Sangwan had forwarded the proposal file with a recommendation for opening the savings account without doing due diligence and making attempts to get the best interest rates, as no quotes were obtained from the empanelled banks, said the dismissal order.A fraudulent transaction in the HSAMB account took place on January 14, 2026, for Rs 10 crore by Cheque No. 000006, consisting of two RTGS transfers of Rs 9.75 crore and Rs 25 lakh, transferred to SRR Planning Gurus Pvt Ltd and Mannat Contractors, respectively.Sangwan was one of the authorised signatories on this account. A call confirmation for the fraudulent transaction was allegedly made by Seema Dhiman, an IDFC First Bank employee, to Sangwan for this transaction. The call so made was also reflected in the CDR of Dhiman, one of the co-accused in the case.Sangwan didn’t act upon the fraudulent transactions confirmed to him on January 14, 2026, and even after the reconciliation of the bank statements done on February 6, 2026, by the cash branch, said the dismissal order. Ribhav Rishi and another accused, Abhay Kumar, told the SV&ACB that Sangwan was allegedly paid substantial illegal gratification, the order added.As revealed in the CDR analysis of the key accused, he was in constant touch with them during the relevant period of commission of the offence.The dismissal order further said, “He (Sangwan) did not track or secure a cancelled cheque (cheque No.6), which later appears to have been misused, and he admits he did not verify its status after cancellation. He also allowed a cheque book to be taken away by an external individual (namely, accused Ribhav Rishi) during a meeting without ensuring its return.”“Whereas, considering the organised nature of the conspiracy, the involvement of multiple external agencies, the likelihood of witness influence, and the real risk of tampering with crucial evidence, it is apparent that holding a regular departmental enquiry is not reasonably practicable in the present case,” said the dismissal order issued under Article 311 (2) (b) of the Constitution of India.Earlier in the same scam, on April 23, Development and Panchyats Department’s Superintendent Naresh Kumar was dismissed in the same manner for allegedly receiving Rs 6.55 crore and a Toyota Fortuner from the co-accused, and for allegedly purchasing a house in Mohali in his wife’s name. Also, Chief Accounts Officer in the education department, Randhir Singh, was dismissed for Rs 54 crore fraud. He allegedly received illegal gratification both in the form of cash and also other favours like flight tickets for a tour from Chandigarh to Goa for himself and five other family members.