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Only 8% of Delhi’s women work -Rukmini Shrinivasan

-The Times of India What do Delhi's working women do? While the image of a working Delhi woman that comes to mind for many is usually that of a BPO or IT worker, the real employment growth story for Delhi's women could be a far less glamorous one — paid domestic work. For one, not a lot of Delhi's women do any paid work, at least of the sort that current surveys...

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ICICI Bank suspends 18 Employees

-PTI ICICI Bank on Friday suspended 18 Employees pending investigation, sources in the bank said, a day after an independent journalist accused it and two other private banks of money-laundering practices. The suspension is pending the bank’s investigation into money laundering charges, sources in ICICI told PTI. The probe is expected to be completed in two weeks. Country’s three largest private banks, including the ICICI Bank, were on Thursday accused of indulging in...

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Money-laundering by big banks, alleges Cobrapost; banks deny charges -Prasad Sanyal

-NDTV Cobrapost, an online magazine, claims to have caught on camera what is describes as a massive expose, which allegedly proves that some of the largest private sector banks in the country help in money-laundering. The banks involved have denied the accusations.   NDTV cannot verify the authenticity of the video footage, filmed largely on hidden camera,  and shared by  Cobrapost executives at a press conference in Delhi. A press release by ...

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ICICI Bank to probe money laundering allegations-Somasroy Chakraborty

-The Business Standard Forms high-level inquiry committee to submit report in two weeks ICICI Bank today said it has constituted a high-level inquiry committee to probe allegations that it is one of the Indian banks that run a nationwide money laundering racket. The committee will submit its report within two weeks. "We are deeply concerned with the media reports. We want to assure our customers and all our other stakeholders that we are...

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HDFC Bank, ICICI Bank, Axis Bank involved in money laundering: Report

-Cobra Post A sting operation conducted by online magazine Cobrapost across various branches of private financial institutions has revealed how bank Employees are accepting black money from customers to convert them into white money. Cobrapost claims that the nationwide operation shows how private banking and insurance affiliates launder money as part of standard procedures. The sting also shows that money laundering services are openly being offered even to walk in customers who...

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