Insurance regulator Irda on Friday said it is likely to finalise report by next week on the allegations of money laundering by three companies ? HDFC Life, ICICI Prudential Life and Max Life – following and expose by Cobarapost.
?We have got some response. On our own, we are checking that. I have not seen the report. Next week, report should be coming out,? Irda chairman T S Vijayan said on the sidelines of an event here.
?We want to check up everything. Report is underway,? he added.
Last month, the Insurance Regulatory and Development Authority (Irda) had sought explanations from CEOs of three life insurance companies after taking cognisance of a sting operation that alleged money laundering in leading private banks ? ICICI Bank, HDFC Bank and Axis Bank.
Some officials of HDFC Bank, ICICI Bank and Axis Bank, the sting operation alleged, had offered to launder unaccounted money through insurance schemes.