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Magnitude of BoB case to be clear after completion of probe:FM

PTI

New Delhi

Finance Minister Arun Jaitley on Thursday said the magnitude of the alleged black money transfer through state-owned Bank of Baroda (BoB) will only be known after completion of the multi-disciplinary probe.

"Now you have CBI investigating, you have ED investigating, you have SFIO investigating, you have tax people looking into it. So, once these investigative agencies form a prima facie opinion, its only then the magnitude, the nature and the kind of people involved in it will become clear," he told CNBC TV18.

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Serious Fraud Investigation Office starts probe into BoB Rs 6,100-crore money laundering case

The Goan Network
Published Oct 16, 2015, 12:00 AM IST
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PTI New Delhi The Serious Fraud Investigation Office (SFIO) has initiated a probe into the alleged Rs 6,100-crore black money transaction case involving a Delhi branch of Bank of Baroda. "Besides CBI and ED, SFIO has also initiated a probe into the BoB matter," a senior Finance Ministry official said. The SFIO is a multi-disciplinary organisation under the Ministry of Corporate Affairs to tackle white-collar crimes or frauds. Last week, CBI and the Enforcement Directorate…

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