By Reuters Staff
2 Min Read
AMSTERDAM (Reuters) - ABN Amro shares fell 4% in early trading in Amsterdam on Monday, following reports that the Dutch bank might face a higher-than-expected penalty in an ongoing money laundering investigation.
FILE PHOTO: ABN AMRO logo is seen at the headquarters in Amsterdam, Netherlands May 14, 2019. REUTERS/Piroschka van de Wouw
The bank’s annual report published last week described an investigation by Dutch prosecutors, started in September 2019, which was broader than previously stated. It said it was now also suspected of “culpable money laundering”.
Previously, the allegations had been limited to ABN failing to spot accounts involved in money laundering, failing to end relations with suspicious clients and failing to report such transactions to the relevant authorities.
"Everyone is concerned about painful and embarrassing incidents of Dalit and women harassment. Even in such serious cases, the insensitive and negligence of government is unfortunate," the former Uttar Pradesh chief minister said in a tweet in Hindi.
Game over for BJP government, says Samajwadi Party President Akhilesh on Uttar Pradesh budget
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Last Updated: Feb 22, 2021, 03:40 PM IST
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Synopsis
SP spokesperson Rajendra Choudhary claimed that the budget would turn the tide in favour of AY from YA (Akhilesh Yadav from Yogi Adityanath) in the 2022 Assembly election.
PTI
Samajwadi Party president Akhilesh Yadav panned the budget presented by the Uttar Pradesh government on Monday, saying expectations of the poor and the farmers were not met. The Adityanath government presented a Rs 5.5 lakh crore budget for 2021-22 in the Assembly with a target of making Uttar Pradesh self-reliant. With the Assembly election a year away, the budget includes new schemes of Rs 27,598 crore.