Online magazine Cobrapost, in its recent operation, claimed to have caught on tape evidence that some of India's largest private sector banks help in money laundering. Experts, S C Chawla, chartered accountant, partner with S Chawla & Company, and ex-director of SBI; J P Sharma, former director of Syndicate Bank, and U S Bhargava, ex-chief general manager of Punjab National Bank; discuss how severe the matter is given various norms by the regulators and measures to prevent money laundering adapted in the banking sector.
