Both CBI and the enforcement Directorate are probing huge remittances to Hong Kong from the bank. The amount was allegedly transferred in the garb of payments for imports that never took place, investigators said. Bank of Baroda said it has implemented a comprehensive corrective action plan, to strengthen internal controls and to ensure that such incidents do not recur.
Both CBI and the enforcement Directorate are probing huge remittances to Hong Kong from the bank. The amount was allegedly transferred in the garb of payments for imports that never took place, investigators said. Bank of Baroda said it has implemented a comprehensive corrective action plan, to strengthen internal controls and to ensure that such incidents do not recur.
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