Wednesday, February 6, 2013

RBI takes UP cooperative bank CEO, directors to court for ‘money laundering’


The Reserve Bank of India (RBI) has filed a criminal case in Lucknow’s chief judicial magistrate’s court against directors and the CEO of a cooperative bank -- Indian Mercantile Cooperative Bank Ltd – for alleged money laundering worth hundreds of crores involving fictitious entities. The bank is linked to BSP Rajya Sabha MP Akhilesh Das Gupta. His wife, Alka, a former head of the bank who is still on its board, has been made a respondent by the RBI.........


Read - TOI

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