COBRAPOST EXPOSE

  • Money laundering investigation should be done by ED: Aniruddha Bahal June 21, 2013

    Successive Cobrapost investigations has shown private and nationalised Indian banks as well as foreign banks flouting RBI rules and regulations. How can the banking industry be streamlined? Aniruddha Bahal, editorinchief of Cobrapost.com, joined IBNLive readers for an interaction on the matter. Q. At present all the know your customer is only...
  • StanChart, HSBC officials caught on camera offering to launder money June 18, 2013

    New Delhi: After the Reserve Bank of India (RBI) fined ICICI, HDFC and Axis banks for flouting customer norms, highlighted by a Cobrapost expose, the latest sting operation by the online magazine exposes how some employees in two foreign banks in India have also been involved in accepting black money...
  • Some truth in Cobrapost expose, will take action: RBI May 30, 2013

    Ahmedabad: There is "some truth" in Cobrapost's allegations of wrong doings by banks and RBI has issued notices to their managements, central bank Governor D Subbarao said on Thursday. "We have done study of those banks, investigated them ... We have done a larger study of those banks and we have...
  • IT dept issues notices to ICICI, Axis, HDFC banks May 28, 2013

    New Delhi: Income Tax department has issued notices to three top private lenders in the country ICICI Bank, Axis Bank and HDFC Bank in connection with alleged money laundering charges levelled by online portal Cobrapost. The department has asked these banks to produce documents for verification as part of...
  • Money laundering: NABARD gives clean chit to cooperative banks May 19, 2013

    Mumbai: Amid allegations of cooperative banks being used as conduits for money laundering, NABARD, which jointly regulates such lenders, has said that it has found no shortcoming pointing towards any such activity. "Every year we do an inspection and we have not found anything like that," National Bank for Agriculture...
  • No criminality in Cobrapost findings: SBI May 9, 2013

    Chandigarh: Bank officials' advices of splitting deposits to evade taxes, as exposed in a sting operation by an online news portal, are "undesirable loose talks" but there is no apparent criminality, SBI Chairman Pratip Chaudhuri said on Thursday. "Prima facie, things that have come to our notice it looks (that) there is...
  • RBI should release its audit report on the banks: Aniruddha Bahal May 6, 2013

    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...
  • I challenge the three bank heads to an open debate: Aniruddha Bahal March 15, 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 Anirudh Bahal has insisted that leading private banks like HDFC Bank, ICICI Bank and Axis Bank are...
  • Railway ticket fraud: Touts the biggest issue, admits PRO August 11, 2012

    An IBN Cobrapost expose has revealed how a full fledged nexus between corrupt police officials, touts and railway clerks defrauds the system. ...
  • Delhi councillors suspended for taking bribe December 7, 2011

    New Delhi: All the 8 corrupt councillors shown demanding bribes in an IBN Cobrapost investigation have been suspended. This includes 6 BJP councillors and 2 from the Congress. The investigation showed them seeking bribes from builders for illegal construction. After taking action against the councillors, Delhi BJP president Vijender Gupta...