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Manager of Kotak Mahindra Bank Took Commission To Convert Black Money

Manager of Kotak Mahindra Bank Took Commission To Convert Black Money

Thursday, December 29, 2016, 11:54 AM

Enforcement Directorate said that Kotak Mahindra Bank manager who was arrested for converting INR 35 crores demonetized currency, into new notes, had taken INR 1.5 crore commission from a lawyer. The Bank suspended the services of the manager. Kotak Mahindra Spokesperson Rohit Rao said "The bank has zero tolerance towards employees not adhering to its Code of Conduct, and takes strict measures against them."
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