Mumbai: The Economic Offences Wing (EOW) has summoned IndusInd Bank’s former Deputy CEO, Arun Khurana, and former CFO, Govind Jain, in connection with alleged financial irregularities amounting to ₹1,960 crore.

According to EOW officials, Khurana has been asked to appear on September 22, while Jain has been directed to appear on September 24.

Investigators believe that Arun Khurana is at the center of the probe, as he reportedly resigned after the bank’s internal investigation revealed discrepancies in accounting related to derivative transactions, resulting in significant financial losses.

Sources have indicated that during the tenure of Khurana and Jain, several key financial decisions were taken without adhering to regulatory compliance, which has now attracted the attention of authorities.

The EOW will record their statements to determine their involvement in the alleged irregularities and establish accountability for the losses.