Bank of Baroda denies money laundering charges

April 06, 2013 12:12

Bank of Baroda today denied charges of playing a role in a money laundering racket led by underworld don Dawood Ibrahim.

It was alleged that Dawood is still allegedly laundering blood money through the Bank of Baroda's branch in the tax havens in Nassau, Bahamas.

According to a CNN-IBN-First Post investigation, large volumes of funds belonging to terror groups based in Afghanistan and Pakistan are being handled by Dawood.

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