After being exposed in the Cobrapost sting operation for illegal money Laundering case, leading Private Sector Bank ICICI has suspended 18 of its officers as the investigation begins.
Yesterday Journalists of Cobrapost exposed ICICI, HDFC and Axis Banks for allegedly harboring  Black Money across several branches across the country.
India’s finance ministry and central bank are also investigating charges of money laundering practices at the top private sector lenders.
HDFC Bank Ltd and Axis Bank Ltd said on Thursday they were investigating the allegations.