Cobrapost stings SBI, LIC, 21 other banks, insurers

The crowd at the press conference might have been smaller and the big screen grainier but the allegations, as before, had the bite. Online media firm Cobrapost.com today made money-laundering allegations against a wider set of banks and financial institutions, including State Bank of India (SBI) and Life Insurance Corporation (LIC), and lashed out at the attempts of the government and the regulator to play down its similar expose in March.

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