Six arrested in Bank of Baroda money laundering probe

Authorities on Monday arrested six people including two employees of state-run Bank of Baroda , in a probe into the suspected laundering of about 60 billion rupees ($922 million) through one of its branches.

"The investigation so far revealed their (the employees') alleged involvement in facilitating the foreign remittances by violating ... procedures or guidelines," the Central Bureau of Investigation said in a statement.

Separately, the Enforcement Directorate , responsible for fighting financial crime, arrested four others, describing them of acting as coordinators or middle men.

Over the weekend, police said they had searched the offices of 50 companies as part of a probe into the case, launched at the bank's behest.

The bank said on Monday as far as it was aware any loss would be insignificant as a result of case.

(Reporting by Aditya Kalra and Devidutta Tripathy)