15 March 2013

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Cobra Post HDFC Bank N. Singh, Backup Branch Manager Branch Banking, Faridabad, Haryana - Case No. 11

Cobra Post HDFC Bank N. Singh, Backup Branch Manager Branch Banking, Faridabad, Haryana - Case No. 11

Bank Name – HDFC
Location – Faridabad, Haryana
Name – N. Singh, Backup Branch Manager Branch Banking
Case No. - 11

Cobra post reporter visits to HDFC bank and meets N. Singh, Backup Branch Manager Branch Banking

Same story –  Black Money in Cash Convert them into white
A politician wants to invest Rs. 50 lakh.
The investment has to be made in the names of the front man, that is, the journalist, his wife, and the politician’s wife.

Singh replies to reporter that –
That will be done.
Invest the money in Crest, a tax-free investment plan available with  bank,
Under this plan, Rs.10 lakh has to be invested every year for 5 years.
There would be no tax deductions.
There are two things to be done.
You open an account and deposit the money.
You route the investment from there.
After that, you can close the account.
When you are going to get the money back after 10 years, we will open an account.
The DD will be credited into that account.
You can withdraw the money then).”
Open an account for the investment and then close it at your convenience after your purpose is served.

Reporter asks  did you ever did this before

Singh answers
This is our daily job.
This is not the first case of this type).”
The only documents required were address or identity proof and a photograph.

Reporter ask – Could I get the big locker safe to put Rs. 5 Crore

Singh replies –
We have a locker.
We will charge you Rs. 6000 for a big locker.
Let me show you the safe

Then Singh takes the reporter and shows him biggest locker.

The biggest one is this, Sir. But cash is already lying there.
People ask for bigger lockers to keep their cash).”
Showing the smaller ones, she says: Two are possible

Reporter – Politician wife  goes abroad send money abroad from cash is it possible

Singh thinks and answers that
There are many ways.
Let me check on some options, then I will get back to you.
I will not tell you a new option.
Cash will not go, it will go through remittance.
This is done through documents. Or you send it through another route, which won’t be through the bank.
Then you send it through an alternate route.
Give me a day and I will get back to you after checking it.
Then all the money will not be going at one shot

Watch the video
Cobrapost Expose, HDFC Bank- Case 11

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Friday, March 15, 2013
Tags – Cobra Post HDFC BANK Red Spider Expose