CBI on Saturday conducted searches at a Bank of Baroda branch in Delhi in connection with alleged transfer of black money to Hong Kong.<br/><br/>Over Rs. 6,000 crore of black money was allegedly sent out of the country from the bank in July last year.<br/><br/>An amount of Rs. 6172 crore was deposited by fictitious companies in the bank to be transferred to Hong Kong.<br/><br/>The matter came to fore following an internal inquiry audit report of the bank on 9th of last month.<br/><br/>CBI sources said accounts of about 60 companies opened at the Ashok Vihar branch of the bank are under scanner. <br/><br/>The Enforcement Directorate has also registered a case and carried out searches in this connection.<br/><br/>On Friday, Congress had alleged that such a scam could not have been carried out without the complicity of Finance Ministry.<br/><br/>Party demanded an independent probe into the matter.<br/><br/>In a sarcastic manner, Delhi Chief Minister Arvind Kejriwal said black money is going out of country instead of coming in.<br/><br/>He said the episode is shocking and Centre should take strong action.<br/><br/>Meanwhile, Congress on Saturday said it is shocking that Finance Ministry did not take any investigation measure even after Bank of Baroda 's internal audit unravelled the scam last September.<br/><br/>Briefing reporters in New Delhi Saturday afternoon, senior party leader Kapil Sibal asked why Finance Ministry and PMO took no action for over a month.<br/><br/>He asked whether searches conducted by CBI and ED are a mere cover up exercise.<br/><br/>He sought to know the names of the fictititous companies which siphoned off Rs. 6172 crore to Hong Kong fraudulently.<br/><br/>Mr Sibal asked why Prime Minister Narendra Modi and Finance Minister Arun Jaitley to break their silence on the matter.
News On AIR | October 10, 2015 9:02 PM
CBI raids Bank of Baroda branch in Delhi for Rs 6100 cr black money transfers