Demonetisation: CBI arrests three including Axis Bank official for money laundering
The Central Bureau of Investigation (CBI) on Thursday arrested three persons, including an Axis Bank official in Kolkata for their alleged involvement in money laundering post demonetisation.
New Delhi: The Central Bureau of Investigation (CBI) on Thursday arrested three persons, including an Axis Bank official in Kolkata for their alleged involvement in money laundering post demonetisation.
"We have arrested an official of Axis Bank, and two private persons," IANS quoted a CBI spokesperson as saying.
Interestingly, on December 5, the Enforcement Directorate (ED) had arrested two Axis Bank managers under PMLA case for their alleged involvement in settling of unaccounted money.
The bank had suspended these two bank managers earlier for the same.
The three that were arrested in Kolkata were produced in court, which remanded them to police custody for four days.
The Axis Bank official and a sales tax consultant were earlier held by the Enforcement Directorate after raiding about 15 bank branches in the city over suspicions that bank officials were involved in money laundering.
The ED later handed them over to the CBI, which then arrested a third person - said to be a broker.
"Sanjay Jain, a sales tax consultant, and a bank official from a private bank were held and interrogated overnight by our team. It was suspected that two were involved in money laundering. They were handed over to CBI early in the morning," said an ED official.
"We raided about 14-15 branches of public and private sector banks where crores of rupees were deposited after the announcement of demonetisation," he said.
The agency carried out an enquiry of records of transactions` following allegations that black money was being converted into white after taking commission, he added.
Meanwhile, Axis Bank said it was cooperating with the investigation agencies and promised strict action against any employee found deviating from the set model code of conduct.
"The bank is committed to following the highest standards of corporate governance and has zero tolerance towards any deviation on the part of any of its employees from the set model code of conduct," the bank`s official spokesperson said.
"Strict action will be taken against any employee found deviating from the guidelines. We would also like to add that we areA cooperating with the investigating agencies," the spokesperson said.
With IANS Inputs