Citing a recent case at Bank of Baroda, Sinha said the banking channels are being used to commit a wide variety of financial crimes at present. The agency is probing an over Rs 6,000 crore worth of forex scam in involving a branch in central Delhi. Axis Bank Q2 net profit rises 18.9% Axis Bank Ltd, on Tuesday reported a 18.93% rise in its fiscal second quarter net profits at Rs1,915.64 crore compared to the same period last year. Another trader arrested in Rs 6,000 crore Bank of Baroda forex scam; Diesel price up by 95 paise, petrol unchanged; DCA going ahead with merger of NSEL and FTL; Karnataka ’s ecommerce tax will fall flat in court: Experts; Sebi requests SC to bar DLF from raising any more money until appeal is finished T he alleged “scam” involving ventilators that did not apparently meet quality standards, which made news in Gujarat in May, also brought up questions about the manufacturing company’s close links with the leaders of the ruling Bharatiya Janata Party (BJP), including Prime Minister Narendra Modi.. The trouble started when senior doctors at the General Hospital in Ahmedabad, the city’s ... India’s second largest state-owned lender, Bank of Baroda, is in trouble. In the last week, the bank has found itself at the centre of a Rs 6,000 crore illegal foreign exchange transaction scam.
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Published on Oct 11, 2015 CBI carries out searches at a Bank Of Baroda branch to probe money laundering charges. CBI searches in connection with alleged Rs.6,000 cr black money transfer. Published on Nov 22, 2015. Rickshaw Pullers and Hawkers are Made Directors by companies on transferring black money to their accounts Bank Of Baroda Scam. Published on Oct 15, 2015. The rot deepens in the Forex scam after Bank of Baroda, Enforcement Directorate names 9 more banks, arrests a suspect for allegedly siphoning off over 500 crore rupees ... The Rs 6,100 crore Bank of Baroda money laundering scam is only getting murkier. CNBC-TV18 learns from sources that several more banks may be involved in the forex scam than the nine already named. Bank of Baroda forex Scam: CBI conducts searches at 10 locations at office & residential premises of certain persons in Delhi & other places. For More inform...