New Delhi: The Reserve Bank of India is probing the Cobrapost sting operation on alleged money laundering by top banks. The RBI report has revealed major irregularities in top banks.
The report shows string of violations on several counts. Sources say the RBI report reveals dummy PANs, unknown NRO IDs, unauthorised gold sale, rampant non-compliance of KYC norms and irregular staff trips.
Sources say the RBI probe into ICICI Bank reveals cash transactions over Rs 10 lakh from unknown sources in non-resident accounts. There are close to 1,000 cases of customers with multiple IDs in 14 ICICI Bank branches. It reveals cash above Rs 50,000 accepted without a PAN number.
The report on HDFC Bank reveals violaton of KYC norms. Up to Rs 5 lakh cash was accepted for gold per day per customer, say sources....
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01:14 PM, May 13, 2013
As many as 23 public and private sector banks and insurance companies were on Monday accused of "running a nation-wide money laundering racket" by online portal Cobrapost, prompting the Finance Ministry and regulator IRDA to initiate independent investigations into the matter. ...
11:31 PM, May 06, 2013
New Delhi: As many as 23 public and private sector banks and insurance companies were on Monday accused of "running a nation-wide money laundering racket" by online portal Cobrapost, prompting the Finance Ministry and regulator IRDA to initiate independent investigations into the matter. In its second expose, Cobrapost accused country's leading banks and insurance companies of "running a nation-wide money laundering racket, blatantly violating laws of the land". Those named...
09:48 PM, May 06, 2013
New Delhi: Special Investigations website Cobrapost has revealed that 23 banks and insurance companies have been engaged in money laundering. Among the 23 banks involved are mostly PSU banks including some big names like the State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, IDBI, Oriental Bank and Dena Bank. Cobrapost editor Aniruddha Bahal claims that both banks and the insurance companies flouted the Foreign Exchange Management...
10:43 AM, May 06, 2013
Mumbai: Thirty-six policemen were suspended after a sting operation showed them accepting bribe to allow illegal constructions in Mumbai's Kurla area. The sting operation, conducted by a social activist, comes in the backdrop of the collapse of an illegal building in Thane which claimed 74 lives. The Mumbai Police has initiated an inquiry against the accused policemen. ...
09:21 AM, Apr 11, 2013
Delhi: The Delhi government has ordered an inquiry into an IBN7 sting operation showing private bus drivers procuring licences based on fake addresses. Delhi Transport Minister Ramakant Goswami said, "We will take strict action against those who are found guilty, even if they are people of the transport department. I have already told the transport commissioner to order an inquiry into the matter." CNN-IBN's sister channel IBN7 has conducted a...
07:47 PM, Apr 08, 2013
New Delhi: The Delhi government has ordered an inquiry into an IBN7 sting operation showing private bus drivers procuring licences based on fake addresses. The Delhi transport secretary said, "The story shows how touts are doing this, we need to check if and how many officials are involved." CNN-IBN's sister channel IBN7 has conducted a special investigation showing that fake licences based on fake addresses are still being issued to...
03:48 PM, Apr 08, 2013
A sting operation conducted by online magazine Cobrapost across various branches of private banks has revealed how bank employees are accepting black money from customers to convert them into white money. Cobrapost Editor Aniruddha Bahal has insisted that leading private banks like HDFC Bank, ICICI Bank and Axis Bank are involved in this. He joined IBNLive readers for an interaction on the issue. ...
05:23 PM, Mar 15, 2013
A confidential government investigation report highlighting how several private banks were involved in conversion of black money into white has been accessed by CNN-IBN. ...
01:27 PM, Mar 15, 2013
A sting operation by Cobrapost revealed how employees at some private banks were involved in money laundering operations. ...
07:01 PM, Mar 14, 2013
The Central Board of Direct Taxes (CBDT) on Thursday ordered a probe into the expose done by online magazine Cobrapost that revealed employees of private banks involved in money laundering operations. The sting operation conducted across various branches of private financial institutions like HDFC, ICICI and Axis banks revealed how their employees were accepting black money from customers to convert them into white money. Cobrapost claims that the nationwide operation...
06:50 PM, Mar 14, 2013
The Reserve Bank of India (RBI) suspects some banks are involved in KYC violations, sources said. The RBI has sent showcause notice to one bank and a probe is on in the NCR region. ...
03:06 PM, Mar 14, 2013
ICICI Bank has in a quick response to money laundering allegations in a Cobrapost sting operation said that the bank launched an investigation into the matter and that a committee will submit its report in two weeks on the issue. ...
11:00 AM, Mar 14, 2013
The Supreme Court on Tuesday issued notices to Congress MP Naveen Jindal and the Centre on Zee Group's plea for transfer of alleged extortion case investigation against it from Delhi Police to another agency. ...
06:29 PM, Feb 12, 2013
New Delhi: Zee News on Saturday sent a defamation notice of Rs 150 crore to Naveen Jindal accusing his press conference on a sting operation conducted by his company, Jindal Steel and Power Ltd, on the TV channel, as an attempt to divert attention from demand for independent probe in the coal blocks allocations controversy. Naveen Jindal had filed an extortion case against Zee News, accusing the channel of demanding...
01:13 PM, Oct 27, 2012
New Delhi: The demand for an independent inquiry on the media has grown after Congress MP and industrialist Naveen Jindal released a video accusing Zee TV of extortion. Jindal did a reverse sting operation on Zee TV, showing the media giant demanding advertising commitments in exchange of burying negative coverage on Jindal's company. Press Council of India chairman Justice Markandey Katju said, "Let an independent statutory body monitor the media,...
07:42 AM, Oct 26, 2012
There was high drama at Congress leader and industrialist Naveen Jindal's press conference on Thursday afternoon where he claimed he has proof against editors of Zee News allegedly extorting money from his team. The Income Tax Department launched a probe into 18 of BJP President Nitin Gadkari's companies. The striking employees of Kingfisher Airlines reached a truce with the management and are set to resume work. ...
11:46 PM, Oct 25, 2012
There was high drama at Congress MP and industrialist Naveen Jindal's press conference on Thursday afternoon where he claimed he had proof against the editors of Zee News allegedly extorting money from his team. Jindal screened the video of what was shown to be a sting operation his company did on Zee News. It purportedly shows Zee Business Editor Sameer Ahluwalia demanding money from Jindal's company. ...
11:37 PM, Oct 25, 2012
New Delhi: Congress MP Naveen Jindal has filed a criminal case against Zee TV for a sting operation about his company's alleged involvement in the scam-tainted coal block allocations. Jindal alleged that he was asked for cash to stop the negative story on him. In a dramatic press conference on Thursday, Jindal also released tapes showing the conversation between Zee Business Editor Sameer Ahluwalia and his team members. "Media in...
03:52 PM, Oct 25, 2012
New Delhi: The Delhi High Court has issued a notice to the TV Today group on the defamation suit filed by Law Minister Salman Khurshid's wife Louise Khurshid. Summons have been issued to TV Today Chairman and MD Aroon Purie and 13 others. Louise Khurshid, in her petition file on Thursday, accused the TV network of maligning her family and has sought damages worth Rs 1 crore. The TV Today...
11:25 AM, Oct 19, 2012
