India's Axis Bank has arrested two managers at a branch of Enforcement Directorate in connection with money laundering investigations. The two alleged misused banking systems to cleanse funds following India's demonitisation of its two largest notes. A gold bar, said to be part of kickbacks given to the bankers, was by the Directorate from a location in Lucknow.
India's Enforcement Directorate has arrested two managers at a branch of Axis Bank in connection with money laundering investigations. The two alleged misused banking systems to cleanse funds following India's demonitisation of its two largest notes. A gold bar, said to be part of kickbacks given to the bankers, was by the Directorate from a location in Lucknow.