ICICI suspends employees after money laundering allegations

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ICICI Bank has suspended as many as 18 employees, Reuters has reported. This is after allegations surfaced over money laundering by online portal Cobrapost.

On Thursday Cobrapost had said that it had conducted a sting operation of various pirvate sector branches including HDFC Bank, ICICI Bank and Axis Bank.

The online portal said that the operations show money laundering activities being encouraged by employees of these banks.

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