Things have gone haywire since the time PM Modi has announced demonetization move. Now, one more incident has come to light wherein the I-T department has raided a branch of Axis bank in Chandni Chowk area of Delhi and unearthed “44 fake accounts”, unbelievable, isn’t it?
According to tax officials, around 100 crore in old notes have been deposited in these fake accounts since the 8th of November. In all, over 450 crores have been deposited in the same branch since the announcement of demonetization.
Officials say that those 44 fake accounts are created with the help of forged documents and it is suspected that the money would be routed for buying gold.
A spokesperson of Axis Bank says
“The bank is committed to following the highest standards of corporate governance and has zero tolerance towards any deviation on the part of any of its employees from the set model code of conduct. Strict action will be taken against any employee found deviating from the guideline. We would also like to add that we are cooperating with the investigating agencies.”
This is the 4th time that tax officials have raided an Axis bank branch and found fraudulent activities;
1. Earlier too, 2 people were caught at the bank’s branch in Kashmere Gate, as they were carrying currency worth Rs 3.5 crores(In new notes).
2. Earlier this week, 2 managers of Axis bank’s Kashmere Gate branch were caught for converting Rs 40 crore black money to white.
3. In West Bengal too, an official of Axis Bank was arrested for converting black money to white with bogus company accounts. Around Rs 7 crores was deposited.
Let’s see what action is taken; it is good that such a big scam has been unearthed instead of being neglected. What’s your take on this? Do share your views in our comments section below.
