October 10, 2015 2:28 PM

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CBI conducting searches at a Bank of Baroda branch in Delhi in connection with alleged transfer of black money to Hong Kong

CBI is conducting searches at a Bank of Baroda branch in Delhi in connection with alleged transfer of black money to Hong Kong. Over 6 thousand crore rupees of black money was allegedly sent out of the country from the bank in July last year. An amount of 6172 crore rupees was deposited by fictitious companies in the bank to be transferred to Hong Kong. The matter came to fore following an internal inquiry audit report of the bank on 9th of last month.Friday, Congress had alleged that such a scam could not have been carried out without the complicity of Finance Ministry. Party demanded an independent probe into the matter.In a sarcastic manner, Delhi Chief Minister Arvind Kejriwal said black money is going out of country instead of coming in. He said the episode is shocking and Centre should take strong action.

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