ICICI Bank suspends 18 employees

March 16, 2013 12:00 am | Updated November 16, 2021 10:15 pm IST - NEW DELHI

ICICI Bank on Friday suspended 18 employees pending investigation, sources in the bank said, a day after an independent journalist accused it and two other private banks of money-laundering practices.

The suspension is pending the bank’s investigation into money laundering charges, sources in ICICI told PTI . The probe is expected to be completed in two weeks.

Country’s three largest private banks, including the ICICI Bank, were on Thursday accused of indulging in money-laundering both within and outside, with an online portal Cobrapost claiming that a sting operation conducted by it has revealed a scam.

Cobrapost had on Thursday played the contents of purported video recording of officials of private banks allegedly agreeing to receive unverified sums of cash and put them in their investment schemes and benami accounts in violation of anti-money-laundering laws.

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