-The Hindu Mumbai: Reserve Bank of India (RBI) Deputy Governor K.C. Chakrabarty, on Monday, refuted Money Laundering charges levelled against various banks, and said that all exposures by Cobrapost.com were connected to know-your-customer (KYC) norms. "We are seeing how the banks are following up on the KYC norms. There are certain differences in the manner of reporting of KYC norms in each bank...Need to strengthen KYC guidelines," he said. In March this year,...

-Cobrapost.com Part 1 of Operation Red Spider was just the tip of the iceberg! Cobrapost's Continuing Shocking Expose: Twenty-Three Major Indian Banks, Both Public and Private, and Insurance Companies, are Running a Nation-Wide Money Laundering Racket, Blatantly Violating the Laws of the Land. And the culprits being exposed this time are: Life Insurance Corporation, State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, Indian Bank, IDBI Bank, Yes Bank, Federal Bank,...

-The Hindu     Non-implementation of the 1997 judgment in the Money Laundering case shows that freeing the CBI from political interference is a challenge even for the apex court "Our first exercise will be to liberate CBI from political interference." This is what the Supreme Court said while deliberating the coal scam status report. It is not the first time that the court will be embarking on such a project. A similar exercise...

-The Indian Express By May 2, Sahara India Real Estate Corporation Ltd (SIRECL) has to prove the "genuineness" of all its investors to the Supreme Court. It has a difficult task on its hands: the name ‘Kalawati' figures 5,984 times on that list, same names appear against different locations, and geography takes a giant leap with ‘Jaipur Nagpur Maharashtra' and ‘187 Aurangabad Lucknow UP' mentioned as addresses. SIRECL had given the list...

-The Telegraph Guwahati: The CBI is sending a team to Guwahati on Tuesday to "screen" the cases registered against fraud deposit collecting companies in the state. Press adviser to the Assam chief minister, Bharat Chandra Narah, told The Telegraph, "A CBI team will reach here on Tuesday to examine the cases and after that, we will start the formalities of handing over the cases to them." "This shows the seriousness with which the...