5 PMLA cases over Rs 12,357 cr registered since Jan 2014

Five cases of money laundering amounting to Rs 12,356.6 crore involving accounts in four banks, including Bank of Baroda and ICICI Bank, have been registered since January 2014.
In all the cases, money was remitted outside India by various individuals and organisations through their bank accounts, contrary to the provisions of the Prevention of Money Laundering Act (PMLA).
Giving details in the Lok Sabha today, Minister of State for Finance Santosh Kumar Gangwar said investigations have "prima facie revealed involvement of bank officials in some of the cases". He, however, did not elaborate.
As per data provided by him, one case under PMLA relating to remittance of Rs 304.35 crore (IndusInd Bank) was registered in 2016 (till June).

In the last calender year, two such cases were registered
-- Rs 6,000 crore (Bank of Baroda) and Rs 600 crore (Oriental Bank of Commerce).

2014 saw two cases -- Rs 5,395.75 crore (ICICI Bank) and Rs 56.51 crore (Oriental Bank of Commerce).
To another question, the minister said SBI reported as many as 151 cases of fraud (Rs 1 lakh and above) in the first quarter of the fiscal. The amount involved was Rs 601.05 crore.
Bank of Baroda reported 74 cases (Rs 107.51 crore), Bank of India 48 cases (Rs 268.22 crore) and Syndicate Bank 47 cases (Rs 117.89 crore) during the period.

Other public sector banks, too, reported such frauds.