BANK OF BARODA - Bank of Baroda reply to clarification sought by the exchange

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"<BR><BR>Bank of Baroda replied stating "We wish to advise that we have also learnt from the Press Report about the arrest of SIX people. <BR> <BR>From our sources, we have ascertained that these included TWO of our Staff Officers, i.e. Mr. S. K. Garg, Assistant General Manager and Mr. Jainish Dubey, Officer- Foreign Exchange, who were already suspended by the Bank."