ICICI Bank, Case 19: A. Vyas, Branch Manager; A. Singhania, Key Relationship Manager; K.

S Bindra, Accounts Manager, Jaipur, Rajasthan

Mar 13, 2013 The advice here is: Get a DD from some cooperative bank or route the cash through an account and there will be no problem Posing as a family friend of a noted politician, the Cobrapost reporter is directed to A. Singhania who is working as Relationship Manager with this branch of... read more >>

ICICI Bank, Case 18: Ganpathi R., Branch Manager, Hyderabad, Andhra Pradesh
Mar 13, 2013 NRI account mein poora amount dump kar dena (Dump the whole amount in the NRI account) Our reporter tells Ganpathi R. that the money is in cash and belongs to a politician who wants to invest it discreetly. Ganpathi tells his visitor to open an NRI account with the bank: NRI... read more >>

ICICI Bank, Case 17: S.Walia, Branch Manager, Chandigarh

Mar 13, 2013 Aapko tension lene ki zaroorat nahin hai (You need not take any tension) Walia politely brings the Cobrapost reporter to his cabin downstairs where he advises him to opt for an insurance plan, GSIP, with guaranteed returns: Saara cheque se aayegasaara tax-free hoga (All the return will come by cheque and... read more >>

ICICI Bank, Case 16: J. Dwivedi, Investment Manager; N. Ghosh, Officer, Faridabad, Haryana
Mar 13, 2013 Kuch bhi comfortable hai sab kuch comfortable hai (Anything is comfortable everything is comfortable). The moment the Cobrapost journalist announces that he is there to invest a

large amount of money, he is taken to Investment Manager J. Dwivedi at this Faridabad branch of ICICI Bank. Within a few seconds,... read more >>

ICICI Bank, Case 15: A. Dubey, Assistant Manager, West Delhi

Mar 13, 2013 Showing black money as the proceeds from the sale of property is Dubeys preferred method for making it legitimate: Profile hum log dikha denge ki ye hai property holder (We will show in the profile that he is a property holder) Posing as a frontman for a politician, the Cobrapost journalist... read more >>

ICICI Bank, Case 14: A. Pathak, ICICI Lombard, Mumbai, Maharashtra

Mar 13, 2013 Advising our reporter to go to HDFC Bank, this ICICI insurance advisor says the way to make black money white is to get DDs made from a cooperative bank and then invest Oddly enough, at this ICICI Lombard branch somewhere in Mumbai (the general insurance arm of ICICI Bank), bank official... read more >>

ICICI Bank, Case 13: R. Ranjan, Associate Key Relationship Manager; A. Kumar, Deputy Branch Manager, South Delhi
Mar 13, 2013 Mantrijis name will not come to light ever. Ranjan In this branch of ICICI Bank somewhere in South Delhi, the Cobrapost journalist is taken to meet R. Ranjan who looks after investments.After exchanging pleasantries the reporter, posing as a relative of a politician, gets down to brass tacks. A known... read more >>

ICICI Bank, Case 12: L. M. Rao, Branch Manager; Ganesh, Investment Manager, Hyderabad, Andhra Pradesh

Mar 13, 2013 Cash kab dega sir humko?Kal subah aake hum collect kar sakte hain (When will you give us the cash, Sir We can come and collect it the next morning) L. M. Rao At this branch of ICICI Bank in Hyderabad, the Cobrapost reporter, posing as a relative of a... read more >>

ICICI Bank, Case 11: R.Bhardwaj, Branch Manager; H. Chandra, Branch Sales Manager, Faridabad, Haryana
Mar 13, 2013 Black ko white karne ka yehi sabse best tarika hai (This is the best way to turn black money into white) Here, H. Chandra and R. Bhardwaj are welcoming and resourceful. On hearing the story about the politician, Bhardwaj suggests: Open an account and deposit the cash. There is no problem... read more >>

ICICI Bank, Case 10: A.S. Kumarakrishnan, Branch Sales Manager, Chennai, Tamil Nadu
Mar 13, 2013 Ismein cash daalna uske baad sab kuchh wahan se main lena hai (Put in the cash in it after which I would take all from there) The Cobrapost reporter goes through the same ritual at this branch somewhere in Chennai. After meeting various bank officials, he is Branch Sales Manager A.S.... read more >>

ICICI Bank, Case 9: R. Sharma, Branch Manager, Faridabad, Haryana

Mar 13, 2013 We can discuss and figure something out It was the inauguration day at this branch of ICICI Bank somewhere in Faridabad. Amid the festive mood our reporter first meets Mohit and tells him why he is there. Sometime later Mohit introduces him to Ratan, who works as investment advisor with the... read more >>

ICICI Bank, Case 8: K. R. Rao, Key Relationship Manager, ICICI Prudential, Hyderabad, Andhra Pradesh
Mar 13, 2013 For this banker, it helps when a client speaks openly about black money. Says K.R. Rao, Whenever you are hiding something dono ko hi mushkil ho jayega (it will be difficult for both) Branch Relationship Manager K.R.Rao in Hyderabad understands the needs of high-value clients and is very co-operative. When told... read more >>

ICICI Bank, Case 7: Deepanshu, Branch Manager; H. Maheshwari, Assitant Manager, Aligarh, Uttar Pradesh
Mar 13, 2013 We will make some jugaad for you At this ICICI Bank branch in Aligarh, the Cobrapost reporter meets a busy H. Maheshwari who takes him to the Branch Manager, Deepanshu. Since Deepanshu joined the branch quite recently, it is Maheshwari who does most of the talking. What is the source of... read more >>

ICICI Bank, Case 6: J. Suneja, Cluster Head; Neeraj, Relationship Banking/Privilege Banking, Central Delhi
Mar 13, 2013 The complicity permeates all levels, with senior managers as willing as junior staff to turn black into white because it is a common practice for them: Sir, sachi baat ye hai aap bol rahe hain. Ninenty-nine per cent log karte hain wo bolte nahin hain (Sir, the truth is that... read more >>

ICICI Bank, Case 5: S. A. Ahuja, Senior Financial Service Manager; G. Raikar, Manager, Bangalore, Karnataka
Mar 13, 2013 Here, the suggested route for laundering black money is to show the fictitious politician as an NRI Posing as a businessman who wants to move to Bangalore, the Cobrapost journalist walks

into this branch of ICICI Bank somewhere in Bangalore where the receptionist directs him to Senior Financial Service Manager S.... read more >>

ICICI Bank, Case 4: N. Kumar, Business Manager; Aastha, Deputy Branch Manager, Noida, Uttar Pradesh
Mar 13, 2013 A stream of reassurances from Kumar and Aastha on how to turn black money into white The Cobrapost journalist strolls into this Noida branch of ICICI Bank in Uttar Pradesh and recites his request to Business Manager N. Kumar: a well-known minister wants to invest a handsome amount of black... read more >>

ICICI Bank, Case 3: Gayathri, Branch Manager; C. Sridhar, Sr. Customer Service Associate (Operations), Bangalore, Karnataka
Mar 13, 2013 Gayathri and Sridhar understand instantly that black money has to be turned into white because they deal with so many such customers The guard at this branch of ICICI Bank somewhere in Bangalore directs the Cobrapost reporter to Branch Manager Gayathri. The Cobrapost reporter gives her the same spiel. Initially,... read more >>

ICICI Bank, Case 2: R. Gupta, Branch Manager, ICICI Prudential, Agra

Mar 13, 2013 Why it is not good to invest with banks: Saara paisa aap doh number mein nahin laga payenge (You will not be able to invest all in No. 2) ICICI Prudential is a sister arm of ICICI Bank. Here, once the pleasantries are over, the reporter tells Branch Manager R. Gupta... read more >>

ICICI Bank, Case 1: V. Srivastava, Privilege Banker, Central Delhi

Mar 13, 2013 Kya ghumana hai kaise ghumana hai bata doonga main (What has to be manipulated and how I will tell you all) Returns main saare white mein kara deta hun (I will make all the returns white) Walking into this Central Delhi branch of ICICI Bank in the national capital,... read more >>

ICICI Bank:True to its Motto, Khayal Aapka, ICICI Welcomes Tainted Money to Make It Clean
Mar 13, 2013 A countrywide undercover investigation by Cobrapost finds ICICI Bank committing gross violations of the Income Tax Act, FEMA, RBI regulations and the anti-Money Laundering Act. These activities render the vast assets it manages, the deposits it maintains, the profits it makes, and the spectacular growth it has registered, suspect. It was... - See more at: http://www.cobrapost.com/index.php/topics?cid=28#sthash.U2reLAea.dpuf