Tag: Money Laundering Case

Cobrapost’s Operation Red Spider: ICICI suspends 18 employees,RBI probing

Mar. 16 Business, India News Comments Off

Sensational exposition of money laundering allegations against three private banks has left out 18 employees of ICICI from the bank, suspending them. Read more

Tags: , , , , , , ICICI’ employee Suspension, , Investigation into graft case, , , Operation Red Spider, , RBI probing Cobrapost

Cobrapost Expose: ICICI, HDFC, Axis grill in money laundering, probe starts

Mar. 15 Business, India News Comments Off

A Cobrapost sting operation has bow the Indian banking system into a controversial row, exposing the alleged role of top private sectors lenders ICICI Bank, HDFC and Axis Bank in money laundering practices. Read more

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HSBC fined $1.9 bn, the biggest U.S. forfeiture ever, for money laundering

Dec. 11 Business, World Comments Off

HSBC1 150x150 HSBC fined $1.9 bn, the biggest U.S. forfeiture ever, for money laundering The British banking giant, HSBC has been fined $1.9 billion by British tax authorities for violation of American laws -the Bank Secrecy Act and the Trading with the Enemy Act, being accused of money-laundering case.

A settlement deal of $1.9 billion with U.S. authorities, HSBC will escape from a legal battle that bows for its biggest embarrassing foray into the international market. Read more

Tags: British Largest Bank Fined, , , HSBC, HSBC Money Laundering, HSBC Penality, HSBC Settlement, , Money Laundering Probe, , , US Probe,

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