In black and white

Print edition : May 31, 2013

Aniruddha Bahal , editor-in-chief of Cobrapost. He says guilty bank officials have to be punished. Photo: Shanker Chakravarty

D. Subbarao, RBI Governor. He said there was no conclusive evidence of public sector banks' involvement. Photo: Kuni Takahashi/Bloomberg

K.C. Chakrabarty, Deputy Governor, RBI. He gave a clean chit to three private banks. Photo: Bijoy Ghosh

A recent Cobrapost expose reveals the involvement of banks and insurance companies in a nationwide money-laundering racket, and the failure of the regulators to prevent it.
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