Interview Topics

Topics: Manmohan Singh, Bank, Finance Pages: 1 (260 words) Published: April 1, 2013
Best Personal Counseling & Guidance about SSB
Contact - R S Rathore @ 9001262627 visit us -

3 Indian Banks Probe Alleged Money Laundering
Online Indian news outlet CobraPost said earlier this week one of its reporters had posed as a customer at three top private banks -- ICICI, HDFC and Axis -- seeking advice on investing up to $2.8 million. The news outlet said the reporter used a hidden camera to record dozens of conversations with bank employees, which it posted on its website. ICICI has suspended 18 employees, it said in a statement, as it investigated the allegations that employees offered advice on concealing funds from tax authorities. "ICICI group conducts its business with the highest level of compliance to legal and regulatory requirements," the bank said. HDFC said separately it has appointed accounting and audit firm Deloitte Touche Tohmatsu India to conduct an inquiry into allegations that some of its officials were ready to facilitiate money laundering activities. Axis meanwhile has launched an internal inquiry into the accusations, local media reported. The footage shot in so-called "Operation Red Spider" was said to show executives of the three banks agreeing to take cash from the undercover reporter, but no money actually changed hands. India's finance ministry and central bank are already looking into allegations of money laundering by private sector lenders. The issue of so-called "black money" -- funds not reported to the government for tax purposes or parked abroad to avoid tax -- is one of the issues that has roiled Prime Minister Manmohan Singh's scandal-tainted administration.

Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Table Topic Essay
  • Essay about Evs project information and topics
  • Essay about Public Speaking Topics for Teens?
  • Tips for Good Speech Topics Essay
  • Understanding Difficult Topics or Subjects Essay
  • The Interview Essay
  • Finding a Research Topic Essay

Become a StudyMode Member

Sign Up - It's Free
Oblivion 2013 2160p x265 10bit-Joy | Matt Houston | Hari Won, Ngô Kiến Huy Và Những Ngôi Sao Đến Từ Hành Tinh Xa Xôi | Gia Đình Việt