Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: March 17, 2000

For immediate release

The Federal Reserve Board today announced the issuance of an Order of Prohibition against Vinay B. Malhotra, a former vice president and officer of The Chicago Branch of The Bank of Tokyo-Mitsubishi, Ltd., Tokyo, Japan.

Mr. Malhotra, without admitting to any allegations, consented to the issuance of the Order due to his alleged breach of fiduciary duties and misapplication of bank funds for his personal benefit.

A copy of the Order is attached.

Attachment (111 KB PDF)

2000 Enforcement actions

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Last update: March 17, 2000