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Union Bank of India

Union Bank of India

Industry: 
Banking
Symbol: 
BSE: 532477
Sources: 
  • Union Bank of India Ltd. was revealed to have facilitated a fund transfer of $100 million between Mangalore Refinery & Petrochemicals Ltd. and the National Iranian Oil Company. This fund transfer was a multi-step process coordinated with the Turkish bank Halkbank and was designed specifically to evade international sanctions.
  • Has relationships with 'deficient' Iranian banks ("Iran's Dirty Banking", Avi Jorisch)

 

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