Case filed against 19 firms for sending â¹420 crore abroad
The CBI registered a case against 19 companies, which sent over â¹424 crore in foreign remittances through 700 transactions, suspecting it to be a case of money laundering through shell companies. CBI alleged that officials of a PNB branch entered into criminal conspiracy with these companies. The companies were allegedly sending foreign exchange to Hong Kong without genuine business transactions.