The dealer has been suspected to have received a kickback from the four unlisted corporates for these favors. The bank began investigating the matter after it sensed the fraud in December. The trader was fired last week.
Friday, February 6, 2009
ICICI Bank fires forex dealer for fraud
ICICI Bank has fired one of its forex dealer who had executed improper forex forward trades by executing deals to favor four Kolkata-based corporates
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