HDFC Bank on Saturday said it has appointed accounting and audit firm Deloitte Touche Tohmatsu India to carry out an independent forensic enquiry into allegations of some of its officials facilitating money laundering activities.
The bank has also appointed Amarchand & Mangaldas & Suresh A Shroff & Co to examine the breaches, if any, of the bank’s code of conduct & 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,” it said.
The statement further said internal departmental enquiry is underway to verify the truth or untruth or correctness, as the case may be, in the reported tapings of bank officials.
This process has been initiated without prejudice to the authentication of the video recordings or electronic data, it added.
Country’s three largest private banks — ICICI Bank, HDFC Bank and Axis Bank — were accused of indulging in money laundering, with an online portal Cobrapost claiming that a sting operation conducted by it has revealed a money laundering scam.
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