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It is now the turn of the insurance regulatory to look into the allegations of money laundering as found in the cobrapost.com sting operations.
Major insurers, HDFC Life Insurance, ICCI Prudential Life Insurance and Max Life have come under the scanner of the Insurance Regulatory and Development Authority.
The IRDA has taken up the matter with the CEOs of these three insurers. “In this regard, the Authority has also called for relevant data for initiating appropriate action,” the regulator said in a release issued here on Friday.
It may be recalled that online magazine cobrapost.com caught some officials of ICICI Bank, HDFC Bank and Axis Bank on camera allegedly offering to convert black money into legitimate money recently.
The Reserve Bank of India had also initiated an enquiry into the matter.
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