Monday, March 18, 2013

The real money laundering

............ If a regulator has to make an affidavit in the Supreme Court that it cannot find thousands of reported investors in two of such schemes — a total absence of KYC norms — how far is that from money laundering? We are not talking chicken feed here. The Cobra Post sting did not put even one rupee in the banking system; the other one has put in Rs 17,400 crore.

Read - IE

No comments: