-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...

-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 ...

-Live Mint Attempt to broad-base direct benefits transfer plan may help shore up the Congress’s standing among rural population The Congress-led United Progressive Alliance (UPA) government plans to include its flagship rural job guarantee programme in the second phase of its ambitious direct benefits transfer (DBT) plan, under which beneficiaries of social welfare programmes will receive Money directly in their Aadhaar-linked bank accounts. The attempt to broad-base the cash transfer plan before several...

-Outlook A sting operation carried out by online magazine Cobrapost across various branches of private banks has revealed that banks are involved in Money laundering. The sting operation shows that HDFC Bank, ICICI, and Axis Bank are running a nationwide Money laundering racket. Cobrapost Editor Anirudh Bahal said that even senior management is involved in the practice. "Our investigation shows HDFC Bank, ICICI bank and Axis Bank rolling out the red carpet for...

-The Times of India Every month, the Delhi government spends Rs 20 crore of taxpayers' Money to provide security to 436 persons, who do not hold any constitutional post and 29 of whom face criminal case, the Supreme Court was informed on Wednesday. The annual tab comes to Rs 240 crore. As against this, the government spends just a little over Rs 3 crore a month to protect the President and Rashtrapati...