Money Laundering

  • Is the violation of banking norms far more widespread than believed? June 18, 2013

    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 and agreeing...
  • India @ 9 with Rajdeep Sardesai May 6, 2013

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Is the entire banking and finance system prone to money laundering? May 6, 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. ...
  • Money laundering: No KYC norms violation at SBI, says bank chairman May 6, 2013

    CNBC TV18's Akanksha Sethi spoke to State Bank of India's chairman Pratip Chaudhary over the latest expose by Cobrapost revealing money laundering operations at SBI and other public sector unit banks. ...
  • News 360: SBI, LIC named in expose on money laundering by banks May 6, 2013

    Part Two of the Cobrapost investigation on money laundering methods used by banks focused on 23 major public sector banks and financial institutions. This included the State Bank of India as also the Life Insurance Corporation. ...
  • Money laundering: Banks will take action against delinquent employees, says Financial Services Secretary May 6, 2013

    Part Two of the Cobrapost investigation on money laundering methods used by banks focused on 23 major public sector banks and financial institutions. This included the State Bank of India as also the Life Insurance Corporation. ...
  • 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: Will take action depending on crime, says SBI May 6, 2013

    Twenty three public sector banks, including the SBI, and insurance companies have been named in a sting operation conducted by special investigations website Cobrapost. ...
  • News 360: India hits back at Pak for passing resolution on Afzal's hanging March 15, 2013

    A day after Pakistan parliament passed a resolution on Afzal Guru's hanging, Parliament in India also passed a resolution in return condeming Pakistan's move saying Islamabad should not interfere in Delhi's internal matters. India also put on hold next month's hockey series with Pakistan on hold. ...
  • Is it easy to launder black money through private banks? March 14, 2013

    A Cobrapost expose on Thursday revealed how employees at some private banks were brazenly carrying out money laundering operations. ...
  • Money laundering by banks: Have our regulatory public institutions failed? March 14, 2013

    Every rule laid down by the Reserve Bank of India has a possible loophole - that's what the bankers exposed by the Cobrapost sting claimed. ...
  • News 360: Cobrapost expose reveals brazen money laundering at banks March 14, 2013

    A sting operation conducted by Cobrapost across various branches of private financial institutions, including HDFC, ICICI and Axis banks showed how bank employees were helping customers convert black money into white. ...
  • 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. ...
  • HSBC Bank under scanner globally for alleged money laundering November 9, 2012

    While IAC leader Arvind Kejriwal may have highlighted HSBC Bank's role in facilitating laundering black money in India, globally the London-headquartered banking major is also under scanner from several international agencies. Here is a look at some of the accusation against HSBC for its questionable transactions. ...
  • HSBC row: India seeks more information from US July 19, 2012

    Home Secretary RK Singh said that Financial Intelligence Unit has been set up to check money laundering by HSBC bank. ...
  • Union Bank to freeze accounts of Lilavati hospital April 22, 2011

    The Supreme Court issued notices to 4 trustees of Lilavati hospital on money laundering charges. ...
  • Lilavati Case: PIL filed in Supreme Court March 18, 2011

    A PIL was filed in Supreme Court asking for criminal proceedings against Mehta brothers on Friday, a month after CNN-IBN exposed the money trail in Lilavati Hospital. ...
  • Acquaintances say Hasan is a nice man June 20, 2007

    New Delhi: The trail for Hasan Ali Khan, main suspect in a multi-crore money laundering racket, may have gone cold. But his reputation among those who knew him seems to be of a quiet, private man. ...
  • Hasan's lawyer trashes ED allegations June 20, 2007

    Pune: Hasan Ali's lawyer Viraj Kakde has said that the allegations made by the Enforcement Directorate against his client are not true. ...