Followed norms while transferring money to David Headley: IndusInd Bank

MUMBAI: Private sector IndusInd Bank has denied any wrong doing in transferring foreign funds used by terrorist turned approver David Headley.

In a clarification issued on Thursday the bank said the funds transferred in October-November 2006 to Headley at its Nariman Point branch was under the regulatory guidelines in force then and after due diligence.

Headley, a US citizen was involved in the 2008 Mumbai terrorist attack which killed 164 people. He helped terrorists by doing a recce of the attack sites.

IndusInd said required documents including a copy of his US passport, valid from March 2006 to 2016 were produced for the bank’s know your customer (KYC) requirement.

“There were investigations by national agencies between 2009 and 2011 and the KYC documents were produced before them. The bank wishes to reiterate that it has not opened any account in the name of David Headley, and has not handled any other business for him,” IndusInd said.

Headley is currently in US custody and is disposing through video conferencing before a Mumbai special court constituted to probe the terrorist attack.