MediaVigil, Journal of Global Communications and Justice

New Delhi: Cobrapost.com takes strong exception to RBI Deputy Governor K.C. Chakrabarty’s statement on March 21, 2013, with regard to the Cobrapost expose on the money laundering practices of HDFC Bank, ICICI Bank and Axis Bank. Chakrabarty had said: “There is no scam (that) has happened ... As no transaction has taken place. Let us not unnecessarily downgrade ourselves. Our system to prevent money laundering is perfect ... absolutely nothing (wrong with it).” The manner in which the RBI Deputy Governor has rushed to issue the statement, even before the Central Bank could complete the inquest it has initiated into money laundering practices by the three banks, even before these banks could complete their own investigations into the alleged misdemeanour of their officials, and even before the Income Tax Department could come up with its own finding, is tantamount to be self-serving and is a brazen attempt on the part of the Deputy Governor to not only give these banks a clean

Citizens Forum for Civil Liberties (CFCL) To Dr Manmohan Singh Cabinet Committee on Unique Identification Authority of India related issues Prime Minister's Council on UIDAI Government of India New Delhi Shri A.K. Antony, Minister of Defence Group of Ministers (GoM) regarding Issue of Resident Identity Cards under scheme of National Population Register (NPR) Government of India New Delhi Shri Montek Singh Ahluwalia, Deputy Chairman, Planning Commission Special Invitee Cabinet Committee on Unique Identification Authority of India related issues Group of Ministers (GoM) regarding Issue of Resident Identity Cards under NPR Scheme  Government of India New Delhi Shri Nandan Nilekani, Chairman, Unique Identification Authority of India Planning Commission Special Invitee Cabinet Committee on Unique Identification Authority of India related issues Group of Ministers (GoM