..........Cobrapost.com refuted the statement of the RBI Deputy Governor calling it a self-laudatory exercise and something premature, presumptive and preposterous aimed at “sweeping under the carpet the alleged involvement of the banking majors in money laundering”. For the RBI to say that there is no offence as there was “no transaction” is a very novice reading of the law and a willful ignorance of rules and regulations supposed to be crafted and implemented by the RBI itself, the release said.............
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