44 Indian banks involved in money laundering

 

Forty-four Indian banks have been implicated in money laundering, with 1.53 billion Dollar being laundered through 3201 illegal transactions.

According to details, India Money Laundering and Financial Crime Enforcement has released a report, which revealed the involvement of 44 Indian banks in money laundering.

Banks include Punjab National Bank of India, Kotak Mahindra, HDFC Bank, Kanara Bank, Indus Land Bank, Bank of Broda. Indian banks laundered $1.53 billion through 3201 illegal transactions.

The UN report identifies terrorist groups in Kerala and Assam. Now where did this money go, who used it, the question arises whether this money is being used to support such groups?

The report also claims that smugglers of Indian jewelery are also involved in money laundering, while the use of gold and diamonds in money laundering has also been revealed. The money has also been claimed to be used in the IPL.

Money laundering has also been reported in the Indian Premier League.

New documents from the US-based Finnsen were shocking, revealing that the world's largest banks were involved in money laundering and fraud and how black money was laundered through the world's largest banks. And how the criminals hid their money using anonymous British companies.