CBI raids Bank of Baroda branches for Rs 6100 cr black money transfers

Bank officials were allegedly complicit in the remittance of Rs 6,100 crore suspected black money to Hong Kong

The Central Bureau of Investigation on Saturday carried out searches at Bank of Baroda branches in New Delhi in connection with the alleged transfer of Rs 6100 crore black money to Hong Kong.

The transactions were allegedly carried out in collusion with the bank officials. The unusual remittances were spotted in the audit report of the bank, CBI sources said.

Sources said searches were carried out at the bank branches and private properties in connection with the remittances.

Accounts of about 60 companies opened at the Ashok Vihar branch of the bank are being investigated. 

The Enforcement Directorate has also registered a case and carried out searches in this connection.