Income-Tax officials arrested a cab drivers because IT officers have found Rs 7 crore deposited in his account in the State Bank of Hyderabad. The money was deposited in the old Rs 500 and Rs 1,000 currency notes.
In an interrogation, the cab did not give any satisfaction answer to the wings of the I-T, Enforcement Directorate and the CBI.
Two persons can be seeing in the CCTV footage to depositing the money in the account of cab driver. They have been taken into police custody. In the interrogation, they confessed that they were accomplices of the cab driver.
According to the source from the IT department that after the deposit, the cab driver transferred the amount to a bullion trader.
As per the sources that now IT department is focusing on a bullion trader. IT officials suspect money laundering behind the deposit and fund transfer.
The IT official said that the cab driver wanted to pay tax on the amount under the Prime Minister’s Gareeb Kalyan Yojana scheme. He should pay Rs 3.5 crore towards tax under the scheme. The official further said that some objections are mentioned in case the source of income is from crime-related activities. We are verifying this aspect of the matter.
IT officials found that the account of cab driver had been dormant and had not been used for months during the course of investigation. The investigation agencies have also found that bank staff violated rules in accepting the deposit.
An officer from IT department said that the bank staff should inform officials if the deposits or fund transfers are of huge amount. We are verifying the role of the bank staff.
