ED raids jewellery shops in Haryana and Punjab in IDFC First Bank probe

The Enforcement Directorate (ED) carried out coordinated raids on jewellery merchants across Haryana and Punjab on Tuesday, targeting businesses suspected of facilitating financial irregularities in the IDFC First Bank case. Officials entered multiple shops, seizing documents and electronic devices for forensic analysis.

Sources said the raids were part of a broader probe into alleged money‑laundering activities involving the bank's accounts and transactions that may have been routed through the jewellery trade. The ED has not disclosed the exact number of premises searched or the quantity of material recovered.

Authorities have urged any individuals with relevant information to come forward, emphasizing that the investigation is ongoing and that further actions may follow based on the evidence gathered.

The move underscores the regulator's intensified focus on curbing financial crimes linked to the banking sector, especially after several high‑profile cases have emerged in recent months.

No arrests have been reported so far, and the jewellers involved have not made any public statements.