Co-Operative Banks Launder Money India RBI Retracts
The RBI has investigated and found that they were at the centre of the Home Trade scam too in 2001 Rs600 crore were found to have been swindled from more than 25 cooperative banks —13 of them in Maharashtra and 12 in Gujarat......
The irony is that the same RBI, which confirmed the fraud,gave a clean chit to about 30 Banks by 30/4.2013!
The Reserve Bank of India’s (RBI’s) repeated assertion that it has found no evidence of money laundering in its inspection of three private banks, even before its inspection report is complete, has caused outrage.
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