Income Tax raid on Axis bank branch pulls out shockers
New Delhi : Income Tax department on Thursday raided Noida branch of Axis Bank, pulling out shocking data of 16 fake accounts with a cash deposit of over 60 crores post demonetisation.
The raid was conducted by IT-Officials at around 10am at an Axis Bank branch situated at Sector 51, Noida.
According to initial reports, the fake accounts have been registered on the names of bogus companies and people with a very low income.
"IT officials also found that the directors or owners of these fake companies are daily labourers," a police officer said.
The accounts came into light after a jeweller sold gold of worth Rs 600 crores after November 8, the day when PM Modi announced demonetisation, and deposited the money into this account.
"Most of the money has reached the jeweller through RTGS (Real Time Gross Settlement system)," the official said.
In a recent raid, IT officials had recovered over Rs 100 crores from 44 suspected accounts in an Axis Bank branch in Chandani Chowk, Delhi.