The Income Tax department on Friday, December 2016 has seized the 44 fake accounts at a branch of Axis Bank in central Delhi’s Chandni Chowk. According to the reports by the Income Tax department, in a surprising raid in the same branch, they have seized around Rs. 100 crores from the branch. The officials revealed that the whole sum of Rs. 100 crores were deposited to the 44 fake account in the branch of Axis Bank in central Delhi’s Chandni Chowk after November 8, 2016, when Prime Minister Narendra Modi announced the demonisation of Rs. 500 and Rs. 1000 notes from every corner of the India.
The further reports also suggest that the same branch has the total sum of Rs. 450 crores and out of that 100 crores in old notes of Rs. 500 and Rs. 1000 were illegally deposited in the 44 fake account. The fake accounts were created with the help of fake documents and other necessary things.
Meanwhile, this is not the first time when the Income Tax department has organised the raid on the axis bank in Delhi as last month; the Income Tax Department caught two people with 3.5 crores in new currency as they came out of the Kashmere Gate branch of the bank, also in central Delhi. And, they arrested two branch manager of the Axis Bank for converting the black money into the white money.
It is believed that this money was taken in order to purchase the gold from the market. Prime Minister, Narendra Modi has announced that one people can only submit of money around 2.5 lakhs and on the transfer of above 2.5 lakhs an individual have to give the proof and have to pay the fine over it.