Finmin asks banks for more info on money laundering allegation
New Delhi: Taking note of a sting operation that alleged money laundering by three leading private sector lenders, the Finance Ministry Thursday said that it has asked banks for more details on the issue.
"RBI has contacted the banks invloved...We have asked banks for more details on the expose," Banking Secretary Rajiv Takru said here.
Meanwhile, RBI Deputy Governor Urjit Patel in Mumbai said the central bank is in touch with the concerned banks and is collecting information.
Takru indicated that corrective action can be taken only after getting feedback from three concerned lenders--- ICICI Bank, HDFC Bank and Axis Bank.
The comments follow Cobrapost playing what it said was video recordings of officials of HDFC, ICICI and Axis Bank allegedly agreeing to receive unaccounted sums of cash and put them in their investment schemes and benami accounts in violation of anti-money laundering laws.
Finance Minister P Chidambaram said two of the banks have denied the charges and added government would not jump to conclusions.
The three banks issued statements saying they would investigate the charges. However, all the three banks claimed they conduct their business in compliance with legal and regulatory requirements of the highest standards.