Kejriwal demands FM's resignation post CobraPost sting

Aam Aadmi Party leader Arvind Kejriwal has called for the suspension of the licences of Axis Bank, HDFC Bank and ICICI Bank after an expose by CobraPost, an online magazine, which alleged that India’s largest private sector banks are conducting services to launder black money by providing a variety of options.

“Licences of these banks shud be suspended. Anirudh Behl has presented a strong prima facie evidence,” he tweeted.

[caption id=“attachment_660657” align=“alignleft” width=“380”] Kejriwal has asked the fianace minister to resign post the money laundering expose by CorbraPost.[/caption]

Kejriwal termed their activities as a “threat to economic sovereignty” and even called for an income-tax raid at the various branches before the black money is converted into white.

In a press release , Cobrapost alleged that these money laundering practices are part of a standard set of procedures within these banks and that such money laundering services were being openly offered to even walk-in customers who wish to launder illicit money. “A variety of options for laundering ill-gotten cash are being offered brazenly,” said the release.

Expressing concern over how such activities could be conducted sans government knowledge, Kejriwal went a step further and asked for the resignation of Finance Minister P Chidambaram.

https://twitter.com/ArvindKejriwal7/status/312087363104960513