Rs. 6 arrested in Rs 6,000 crore Bank of Baroda remittance scam

- CBI raided 14 places

New Delhi: The CBI has arrested seven people in connection with the Bank of Baroda's foreign exchange remittance scam, officials said in a statement. The scam surfaced in 2012. The Central Bureau of Investigation (CBI) had raided 16 places in connection with the case.

The scam, which surfaced in 2012, involved the illegal remittance of Rs 2,000 crore from six accounts.

According to CBI spokesperson RC Joshi, the chargesheet was filed against the then AGM of Bank of Baroda and the then forex officer.

The CBI today arrested a total of nine people, including Tanuj Gulati, Isha Bhutani, Ujjwal Suri, Hunni Goel, Sahil Wadhwa and Rakesh Kumar.

In this case, more than Rs 2,000 crore was sent to Southeast Asian countries from the accounts of six current account holders from Bank of Baroda's Ashok Vihar branch.

According to CBI sources, the Ashok Vihar branch was a new branch of Bank of Baroda and was allowed to conduct foreign transactions in 2014 alone. According to sources, between July 2016 and July 2017, Rs 2,000 crore was transferred through 4,000 transactions. The amount of each transaction was kept at less than one million dollars.