The alleged Bank of Baroda forex scam is also under the scrutiny of Serious Fraud Investigation Office (SFIO) which is probing 11 companies connected to the case, government said on Tuesday. Some of these companies include Dabang Marketing and Trading, Msquare Prudent Multitrade, Laksh Rubber India, Sun Air Solutions, Peacock Overseas and Acoustic Trading India. The Central Bureau of ... Read more about Bank of Baroda extends losses over forex scam on Business Standard. Shares of Bank of Baroda have dipped 1.4% on BSE post the arrest of two of its officials by the CBI in the wake of forex scam The alleged over Rs 6,000-crore Bank of Baroda (BoB) forex scam is threatening to open a Pandora’s box in the banking sector. While BoB and HDFC Bank employees have already been arrested by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED), investigations have found that more banks could be involved. The bank was alerted to the scam when it found that the forex business of its Ashok Vihar branch shot up to Rs 21,529 crores during 2014-15 – an increase of more than 500 times -- from Rs 45 ... A foreign exchange scam was unearthed at Bank of Baroda and a number of public and private sector lenders were found to be affected by it. In January, the central bank had asked all public and ... The Bank of Baroda forex scam surfaced in October 2015 where an internal investigation showed Rs6,172 crore was sent from India to Hong Kong for import of cashew nuts, pulses and rice, but nothing ... Read more about 5 things to know about the Bank of Baroda forex scam on Business Standard. Bank of Baroda forex scam: 6 arrested, over Rs 6000 cr illegal remittances. The investigation is soon likely to reveal more banks and companies. Bank of Baroda scam: Fake accounts created to send money abroad Investigating agencies probing a Rs 6,172-crore money laundering scandal in the Bank of Baroda (BoB) have unearthed a complex chain ... Bank of Baroda Forex scam: CBI conducts raids, questions suspects. CBI raided Bank of Baroda branches, offices, and started questioning some of the suspects in its probe into alleged black money transfer of Rs 6000 crore to Hong Kong. Bank of Baroda scam: CBI files charge sheet against two employees. CBI Thursday filed its charge sheet against two employees of Bank of Baroda for offences including criminal conspiracy and cheating in connection with alleged illegal remittances of over Rs 6,000 crore made to over 350 accounts in Hong Kong and Dubai from one of its branch here.
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A major fraud involving Rs 6,172 crore of foreign exchange transfers made to Hong Kong through newly-opened accounts in Bank of Baroda's Ashok Vihar branch here has been detected. CBI carries out searches at a Bank Of Baroda branch to probe money laundering charges. CBI searches in connection with alleged Rs.6,000 cr black money transfer. Here are some excerpts from the ... In this video I am addressing whether forex and iMarketsLive is legitimate *I do not own rights to the music* Cue Banks “Quillan Black” has recently been on the spot over Forex , Signals. courses scamming allegations. The Forever in Profit Group Founder, came out to ... The Rs 6,100 crore Bank of Baroda money laundering scam is only getting murkier. CNBC-TV18 learns from sources that several more banks may be involved in the forex scam than the nine already named. Is Forex Trading a Scam? http://www.financial-spread-betting.com/forex/forex-trading.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! I sometimes get... Regarding black money, CBI's raid on Bank of Baroda continues today as well. CBI raided fifty different places today.