New Delhi: Amid the demonetisation drive in the country, the Income Tax Department on Thursday raided Axis bank branch in Noida Sector 51 and found accounts of 20 fake companies with over Rs 60 crore deposited in them.
As per intial reports, there has been no official statement on this issue by the bank. However, further investigation in the matter is underway.
Noida: Visuals of Axis bank in Noida sec 51 where Income Tax Dept raided & found accounts of 20 fake companies with over Rs 60 Cr in them pic.twitter.com/wtH4Xqs3eI
— ANI (@ANI_news) December 15, 2016
Just a couple of days ago, the Income Tax (IT) department had unearthed 44 fake accounts during a raid at an Axis Bank branch in central Delhi’s Chandni Chowk area.
An official from IT said that about Rs 100 crore were deposited in these accounts with withdrawn currency notes since November 8 — when Prime Minister Narendra Modi announced the demonetisation of Rs 500 and Rs 1,000 currency notes.
“These 44 fake accounts were created using forged documents. We suspect that the money may have been routed to buy gold,” said the official.
Axis Bank had issued a statement in which it said that strict action will be taken into the matter.