Income-Tax Department sleuths today questioned Union Bank of India Chairman and Managing Director M V Nair in Mumbai over bank reportedly accepting deposits of over Rs. 991 crore from an alleged frontman of former Jharkhand Chief Minister Madhu Koda who is facing charges of money laundering.<br/>Later talking to reporters, Mr.Nair said the bank told the I-T Department that it had followed all Know Your Customer and Anti-Money<br/>Laundering norms as per the Reserve Bank directives. <br/>According to Reserve Bank guidelines, banks are supposed to ask for specific details if more than 50,000 rupees is deposited in an account.<br/>Manoj Punamia, the alleged frontman of Koda, had reportedly deposited more than 991 crore rupees in the Union Bank account of Mumbai-based Balaji Bullion Bazar during 2008 and 2009, at its Zaveri Bazaar branch.<br/><br/>