CBI searches residence of accused in Rs 1,038 cr black money remittance case
The CBI has booked 51 entities, mostly owned by Chennai residents, for allegedly remitting Rs 1,038 crore black money to Hong Kong in connivance with unidentified officials of three state-owned banks -- Bank of India, SBI and Punjab National Bank. The CBI has alleged that 24 accounts were used for outward foreign remittances in USD equivalent to Rs 488.39 crore.08-01-2020