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The Enforcement Directorate (ED) has filed a First Information Report (FIR) against certain entities, including some employees of IndusInd Bank, for alleged financial irregularities, the bank said on Wednesday.
The ED, Chennai Zonal Office, is investigating several entities for certain alleged irregularities in remittances for import transactions carried out during 2011 to 2014, the bank said.
The Bank has filed suo motu Suspicious Transaction Reports (STRs) with the regulatory authorities during the relevant period for many of these entities. The bank had also filed complaints with police authorities in 2015 against some of the unscrupulous entities, IndusInd Bank said in an exchange statement.
“Incidentally, the matter came under scrutiny by the RBl in October 2015 and a sanction was imposed on the bank, which was communicated to the stock exchanges through the bank’s letter dated July 28, 2016,” the bank said.
“As part of the investigation, ED has lodged a First Information Report (FIR) dated July 9, 2022 at Chennai Police Station CCB-1 against some of these entities and several employees of the bank, most of whom have already decamped from the bank “, it says.
The bank stated that there is no credit exposure of the bank to these persons. “The bank continues to extend full cooperation and assistance to law enforcement authorities and is bound to take appropriate action against any of the named employees if they are found to have knowingly facilitated/instigated an illegitimate transaction,” the bank said.
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