CBI raids 50 locations in Delhi connection to Bank of Baroda's Rs 6,000-crore forex violations Read

Source : https://economictimes.indiatimes.co...ore-forex-violations/articleshow/49309988.cms

NEW DELHI: CBI today conducted searches at 50 locations and started questioning of some of the suspects in its probe into alleged black money transfer of Rs 6000 crore to Hong Kong through Bank of Baroda

camouflaged as payments for 'non-existent imports'.

CBI sources said most of the 59 account holder companies, which had allegedly sent these remittances in the garb of payments for suspected non-existent imports, have given wrong addresses.

They said despite that the agency has identified prime suspects in the case with some of whom being questioned at the CBI headquarters here.

"The Central Bureau of Investigation has registered a case under section 120-B (criminal co ..

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