MONEY LAUNDERING BY BANKS

  • 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...
  • Money laundering by banks: Those at the helm must stem the rot May 6, 2013

    Part Two of the Cobrapost investigation on money laundering methods used by banks focuses on 23 major public sector banks and financial institutions. This includes the State Bank of India as also the Life Insurance Corporation. ...
  • Money laundering by banks: ICICI suspends 18 employees March 15, 2013

    New Delhi: Following the money laundering allegations against it along with a few other private banks, ICICI Bank on Friday suspended 18 of its employees. Earlier, Kotak Mahindra Bank issued a clarification saying none of its employees were involved in money laundering. "We wish to clarify that no such transactions...
  • Intelligence Unit of Finance Ministry to probe money laundering sting March 14, 2013

    New Delhi: The Financial Intelligence Unit (FIU) of the Finance Ministry will probe an alleged sting operation conducted by an online portal claiming that the country's three large private banks indulged in money laundering both within and outside India. The FIU will also provide information in this regard to the...
  • Money laundering by banks: Finance Minister should resign, says Kejriwal March 14, 2013

    A sting operation by Cobrapost revealed how employees at some private banks were involved in money laundering operations. ...