Vicky Nanjappa

With the Financial Intelligence Unit deciding to probe three major banks for alleged money laundering, it would be interesting to note that the same agency also conducted a probe in the HSBC money laundering case.

The decision to probe three major banks, HDFC, ICICI and Axis come in the wake of a sting operation by Cobrapost in which there were clops of officials allegedly agreeing to receive unverified amounts of money in violation of the money laundering laws.

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