CBI searches Bank of Baroda branch
October 10, 2015
New Delhi
In a joint operation, the CBI, Enforcement Directorate and Serious Fraud Investigation Office (SFIO) are conducting massive raids on Bank of Baroda’s Ashok Vihar branch in New Delhi, in connection with alleged Rs 6,000 crore black money transfer to Hong Kong. The Revenue Intelligence department of Finance Ministry was tracking the scandal after internal audit report of Bank of Baroda noticed unusual business in the bank. Accounts of about 60 companies opened at the Ashok Vihar branch of the bank are under scanner. The Enforcement Directorate has also registered a case and carried out searches in this connection.
– DeshGujarat
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