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EC to monitor transactions over Rs 1 lakh in poll-bound states

The Election Commission has said it will monitor every bank transaction of over Rs one lakh to stop "illegal flow" of cash in the run up to the Assembly elections in five states.



Kolkata: The Election Commission has said
it will monitor every bank transaction of over Rs one lakh to
stop "illegal flow" of cash in the run up to the Assembly
elections in five states.

"To prevent illegal flow of cash the commission will
monitor every bulk transaction exceeding one lakh after the
election dates are announced" a senior election commission
official said.

The measure is applicable in all the states having
Assembly polls including West Bengal, Assam, Tamil Nadu,
Kerala and Puducherry, he said.

"From the time of poll notification and till the
declaration of results, the banks will have to send a daily
report to the district election officer (DEO) or the returning
officer (RO) furnishing the details of withdrawal of over Rs 1
lakh from any individual`s account.

"If the DEO or the RO feels that the withdrawal is
suspicious in nature, he/she would immediately report the same
to the state election authorities and also to the top-most
income tax officer in the district," the official said.

In case the transaction is traced back to any
candidate, the IT department will initiate legal action as per
provision of law.

"The rule will be applicable not only to the
individual account but also to the NGOs and other
oganisations," he said.

The EC has directed the states to depute a nodal
officer in the rank of an IG at the state level to oversee
police action in case of such financial transactions.

PTI

From Zee News

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