Friday, October 23, 2015

CVC seeks report from CBI, BoB on Rs 6,100 cr scam

Central Vigilance Commission has sought a report from the CBI and Bank of Baroda in connection with an on-going probe in alleged fraudulent transactions of Rs 6,100 crore to Hong Kong. Minister of State for Finance Jayant Sinha had said earlier that the scam is a one off incident and not a reflection of any systemic problem in the banking sector.As per CBI probe so far, Rs 6,100 crore were transferred through nearly 8,000 transactions done between July, 2014 and July, this year.