<div><strong>By Suchetana Ray</strong></div><div> </div><div>Top sources in CBI say that they are conducting searches in a branch of Bank of Baroda in New Delhi. This raid comes after the investigating agency decided to launch a probe into certain foreign remittances by the Bank. Sources allege that Rs 6,000 crore has been illegally remitted to Hong Kong from Bank of Baroda. <br> </div><div>“This is a case of black money being siphoned out”, said a source in CBI on conditions of anonymity. A private company is also being probed and raided in this connection. But CBI refuses to divulge more details at this point since the searches at various premises are still continuing.<br> </div><div>This is a case of yet another Public Sector Bank coming under CBI surveillance for illegal financial transactions. Last year in August CBI had registered a case against Syndicate Bank for taking bribe in return for loans.</div><div><div> </div><div>PTI added that accounts of about 60 companies opened at the Ashok Vihar branch of the bank are under scanner.</div><div> </div><div>The Enforcement Directorate has also registered a case and carried out searches in this connection.</div><div> </div></div>
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