Published On: Sat, Oct 10th, 2015

CBI searches Bank of Baroda branches for Rs 6,100-crore suspected black money transfer

New Delhi: The CBI on Saturday carried out searches at Bank of Baroda branches in Delhi in connection with the alleged Rs 6100 crore black money, which was transferred to Hong Kong, in collusion with bank officials.

Executive Director Bank of Baroda B B Joshi

Executive Director Bank of Baroda B B Joshi

Sources said searches were carried out at the bank branches and private properties in connection with the shady remittances.

The unusual remittances were spotted in the audit report of the bank, the CBI sources said.

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.


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