-Outlook Taking note of a sting operation that alleged Money laundering by three leading private sector lenders, the Finance Ministry today said that it has asked banks for more details on the issue. "RBI has contacted the banks invloved...We have asked banks for more details on the expose," Banking Secretary Rajiv Takru said here. Meanwhile, RBI Deputy Governor Urjit Patel in Mumbai said the central bank is in touch with the concerned banks...
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Ajay Chhibber, Regional Director of the UNDP interviewed by Arlene Chang
-First Post In an interview with Firstpost, Ajay Chhibber, Regional Director of the UNDP, tells us why India ranks low on the Human Development Index, below China, Sri Lanka and Iran, what we need to do to improve our standing and why welfare schemes are not to be blamed for poor growth or inflation. Excerpts from the interview: * Why does India lag other BRIC countries in the HDI ratings? Compared to the other...
More »14 bonded labourers rescued from Bangalore brick unit
-The Hindu Most of them were conned into coming to Bangalore Bangalore: Officials of the Revenue Department and the Tahsildar’s Office (Bangalore South) raided a private brick factory in Channenahalli near Tavarekere on Bangalore’s outskirts and rescued 14 bonded labourers on Thursday. Amongst the rescued were five women and six children, who were freed from the CGR factory owned by two brothers — C.R. Lokesh and C.R. Mahesh — a rescue team member...
More »Cobrapost's Shocking Mega Expose: Major Indian Private Sector Banks, HDFC Bank, ICICI Bank and Axis Bank, Are Blatantly Running A Huge Nation-wide Money Laundering Racket
-CobraPost.com Cobrapost's Shocking Mega Expose: Major Indian Private Sector Banks, HDFC Bank, ICICI Bank and Axis Bank, Are Blatantly Running A Huge Nation-wide Money Laundering Racket New Delhi: A Cobrapost pan-India undercover investigation spanning several months, unearths a vast, nation-wide Money laundering racket being run by HDFC Bank, ICICI Bank and Axis Bank. The brazen criminal activity by these banks is channelizing vast amounts of black Money into the regular banking...
More »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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