October 11, 2015 9:23 PM

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CBI search Bank of Baroda branch for 6K crore 'illegal transfer'

CBI is conducting searches at 50 locations in the national capital in connection with alleged illegal remittances of over 6,000 crore rupees sent to Hong Kong through Bank of Baroda. Our correspondent reports, CBI is interrogating prime suspects in the case. Most addresses given by firms have been found to be false.<br/><br/>Yesterday, CBI had conducted searches at a Bank of Baroda branch. 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.

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