Second Cobrapost expose says SBI, LIC, BoB guilty of money laundering

In yet another investigation, online magazine Cobrapost has accused 23 major banks, both State-owned and private, and other financial institutions of money laundering.

Cobrapost claims that State Bank of India (SBI), Life Insurance Corporation (LIC), Bank of Baroda, Punjab National Bank, Canara Bank, Indian Bank, Oriental Bank of Commerce and many other institutions have been indulging in converting black money (illegitimate money) into white (legitimate).

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IOB chief denies Cobrapost allegations, 2 officers enquired : Click here

Bank of Baroda investigating Cobrapost allegations : Click here