New Delhi: The Enforcement Directorate (ED) on Thursday traced another case involving alleged laundering of black money to the tune of Rs 500 crore at Oriental Bank of Commerce (OBC).
As per Zee Media sources, OBC transferred Rs 500 crore through its accounts to Hong Kong. Two people have been detained by the ED in the case and further details are awaited.
It may be recalled that Bank of Baroda recently got alleged in funds transfer case. CBI and the Enforcement Directorate have started investigation on the matter.
It is alleged that Rs 6,172 crore black money was remitted from Bank of Baroda to Hong Kong camouflaged as payments for non-existent imports like cashew, pulses and rice.