The Exchange had sought clarification from Bank of Baroda with respect to news article appearing on CNBC TV18 on October 13, 2015 titled ‘Enforcement Directorate Arrests 4 People In Rs 6,000 Cr Alleged Scam’. Bank of Baroda replied stating that they have also learnt from the Press Report about the arrest of 6 people. From their sources, they have ascertained that these included 2 of its Staff Officers, i.e. S. K. Garg, Assistant General Manager and Jainish Dubey, Officer- Foreign Exchange, who were already suspended by the Bank.
The above information is a part of company’s filings submitted to BSE.
