IDFC First Bank offers Rs 5.75-crore settlement in CSCL fraud claim, says Rs 121 crore already paid - The Tribune
IDFC First Bank has proposed a full and final settlement of Rs 5.75 crore in the alleged Rs 117-crore Chandigarh Smart City Limited (CSCL)-Municipal Corporation Chandigarh (MCC) bank fraud case, while disputing the larger claim raised by the civic body on the basis of a special audit observation. The proposal, communicated to the MCCs Chief Accounts Officer, marks a significant development in Chandigarhs biggest financial scam.