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HindustanTimes Wed,22 Oct 2014

Dawood Ibrahim allegedly laundering blood money in Bahamas

PTI  New Delhi, April 06, 2013
First Published: 07:26 IST(6/4/2013) | Last Updated: 07:27 IST(6/4/2013)

Underworld don Dawood Ibrahim is still allegedly laundering blood money through the public sector Bank of Baroda's branch in the tax havens in Nassau in Bahamas, according to a CNN-IBN-First Post investigation.

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A press release issued by the TV network said the investigation showed that large volumes of funds belonging to terror groups based in Afghanistan and Pakistan are being handled by the fugitive don.

The release said highly-placed government sources reportedly told the investigation team that the Bank of Baroda's Nassau branch saw successive wire transfers of several hundred thousand dollars from at least 3 Dubai-based currency exchanges.

The Al-Dirham exchange is named in an Indian government dossier on Dawood's operations, it said.

The release said the Bank of Baroda's Nassau branch was unavailable for comment.


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