ED probing some entities, employees over irregularities, says IndusInd Bank

IndusInd Bank says it has no credit exposure to the entities being investigated

Private sector lender IndusInd Bank said on Wednesday that the Enforcement Directorate (ED) has filed a First Information Report (FIR) against certain entities, including some employees of the bank, over alleged financial irregularities.

The FIR, dated July 9, was filed with the Chennai CCB-1 Police Station, IndusInd Bank informed exchanges on Wednesday, adding that it had no credit exposure to the entities being investigated.

The Chennai Zonal Office of the ED had been investigating certain entities for alleged irregularities with regard to remittances for import transactions carried out from 2011 to 2014, IndusInd Bank said.

“The bank had suo