May 29, 2024 11:46 (IST)
ED, CBI arrest 6 persons in Bank of Baroda money laundering case
New Delhi, Oct 13 (IBNS): The Enforcement Directorate (ED) on Tuesday arrested four persons in connection with a case involving alleged laundering of black money at a branch of Bank of Baroda, media reports said.
Two more persons have been arrested by the Central Bureau of Investigation (CBI) in the same case.
"Sources in the two agencies -- which have been working on the case -- said money was being transferred through 59 accounts at the bank's Ashok Vihar branch to companies in Hong Kong and Dubai. The money was disguised as payments for imports," NDTV reported.
A search reportedly revealed that addresses given by at least 50 companies for bank records were fake.
The persons arrested by the Enforcement directorate include Kamal Kalra, Chandan Bhatia, Gurucharan Singh and Sanjay Aggarwal, who were allegedly involved in the transaction of 15 accounts.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Tech entrepreneur Elon Musk's xAI raises USD 6 billion to develop artificial intelligence Wed, May 29 2024
DoT identifies 600 land parcels and buildings of BSNL, MTNL for direct sale to govt depts Tue, May 28 2024
Reliance Industries inks one-year deal with Russia's Rosneft for oil purchase in roubles: Report Tue, May 28 2024
Adani Enterprises to raise Rs 16,600 cr via QIP route Tue, May 28 2024
Centre saved over Rs 25,500 cr via TSA and SNA bank accounts Tue, May 28 2024
RBI imposes Rs. 1 crore penalty on ICICI Bank, fines Yes Bank Rs. 91 lakhs for non-compliance Tue, May 28 2024