Only loose talk, no criminality in Cobrapost findings: SBI

May 09, 2013 19:41

Bank officials' advice of splitting deposits to evade taxes, as exposed in a sting operation by an online news portal, is "undesirable loose talk" but there is no apparent criminality, SBI Chairman Pratip Chaudhuri said today.

"Prima facie, things that have come to our notice, it looks like (that) there is no criminality in the sense that somebody has suggested splitting up your deposits, say Rs 50 lakh into Rs 50,000 or 1 lakh. So far, it looks like loose talk, but even that loose talk is undesirable," he told reporters when he was asked to comment on allegations of money laundering by online portal Cobrapost.

« Back to LIVE

TOP STORIES

Angad Bumrah Attends 1st IPL Game!

Jasprit Bumrah's wife Sanjana Ganesan attended the IPL 2024 match at Mumbai's Wankhede stadium with son Angad, who sported the MI jersey.

IPL 2024 MVP: Sunil Narine Races Away

Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index of IPL 2024 after Match 54.

Digvijaya Singh Eyes Old Turf Again

'This is my last election; hence, I need people's support and blessing to achieve and ensure victory.'

BJP, Congress Pull Up Sleeves In Gujarat

After BJP candidate Mukesh Dalal's Surat win, Gujarat will see 25 Lok Sabha seats go to polls on May 7 with 266 candidates in the fray.

Phase III: Touch And Go Seats

Polling for the third phase of the Lok Sabha elections for 94 seats will take place today, covering 11 States and Union Territory.