Alleged sting claims it outs money-laundering in top private bank
PUBLISHED ON: March 14, 2013 | Duration: 19 min, 30 sec
Axis Bank, ICICI Bank and HDFC Bank have said they are investigating allegations that their officials offered to help with money-laundering through a range of methods including opening "benami" or shell bank accounts and investing black money in insurance products sold by the banks. All three lenders have said they meet the highest standards of compliance. (Video courtesy: Cobrapost) (Read: ICICI Bank's statement | HDFC Bank's statement | Axis Bank's statement)
