Demonetisation: I-T dept carries out raids in Chandni Chowk branch of Axis Bank; discovers 15 fake A/Cs
I-T department discovered 15 fake accounts and found over Rs 450 crores.
Zee Media Bureau
New Delhi: Income tax officials carried out a raid on the Chandni Chowk branch of Axis Bank on Friday, and discovered 15 fake accounts.
The officials were quoted, as saying that, over Rs. 450 crores were found in these fake accounts.
Further details are awaited.
Earlier this week, the Enforcement Directorate arrested two Axis Bank managers under PMLA case for their alleged involvement in settling of unaccounted money.
Officials identified the two managers as Shobit Sinha and Vineet Sinha, working as managers in the Kashmere Gate branch of Axis bank.
Axis Bank later suspended these two managers, who have been arrested by ED.
ED raided the Kashmere Gate branch after two people were held with Rs 3.5 crore new notes.
The bank managers reportedly took commission in gold. ED sources said the duo were allegedly indulging in converting black money into white by reportedly misusing banking transfer systems like RTGS and NEFT in the wake of the de-monetisation of the two large currencies of Rs 500 and Rs 1000.
In a move to clamp down on the growing menace of black money and fake currencies, the government on November 8 announced that high currency denominations of Rs 500 and Rs 1,000 will no more remain a legal tender.
Holders of the currency have option to deposit them in bank accounts till December 30. However several reports have surfaced where unscrupulous elements are using various means to convert their black money into white.