NEWS & ADVICE : SAVINGS ACCOUNTS
HDFC Bank appoints Deloitte to conduct forensic enquiry into money laundering activities
By Neelima Shankar
Mar 18, 2013
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Country's second largest private lender, HDFC Bank has hired accounting and audit firm Deloitte Touche Tohmatsu India to conduct an independent forensic enquiry for money laundering activities by some of its officials.

The Bank has also chosen Amarchand & Mangaldas & Suresh A Shroff & Co to examine the breaches, if any, of the bank's Code of Conduct and Ethical Standards by any bank officials, HDFC Bank said in a statement.

"The bank is committed to the highest standards of compliance, corporate governance and ethics, and has in place systems and procedures to ensure that its business is conducted in compliance with laws and regulations," HDFC Bank said.

Country' s three largest banks- HDFC Bank, ICICI Bank and Axis bank were accused of indulging in money laundering by an online portal Cobrapost.

 


 


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