FinMin orders probe into INR 6000 crore BoB forex scam

Q.  Finance Ministry has ordered a forensic probe into which scam on 2nd December 2015?
- Published on 03 Dec 15

a. INR 6000 crore Bank of Baroda forex scam
b. INR 5000 crore Oriental Bank of Commerce forex scam
c. INR 4500 crore State Bank of India forex scam
d. None of the above

ANSWER: INR 6000 crore Bank of Baroda forex scam
 
A forensic probe has been ordered into irregularities in outward foreign remittances to the value of INR 6000 crore from the Bank of Baroda. CBI and ED have registered cases on the basis of complaints filed by banks pertaining to irregularities in outward foreign remittances. Department of Financial Services has ordered a probe into 11 companies involved in the transaction.

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