Axis Bank Noida: I-T Department Finds 20 Fake Accounts with Rs 60 Crore
Today, 15th December, 2016, The Income Tax Department raided the Noida Sector 51 branch of Axis Bank. According to reports, I-T department found 20 fake accounts in the bank branch with Rs.60 crore deposited in these fake accounts.
Previously, on 5th December, 2016, the Enforcement Directorate officials had arrested two Axis Bank managers in New Delhi as part of its investigation in a racket involved in illegal conversion of currency notes.
Earlier in this month, Income Tax department had also visited the Axis bank’s Chandni Chowk branch. They found 44 fake accounts with Rs 100 crore deposited in these accounts.
The Axis bank has suspended 19 officers for their involvement in illegal activities since demonetization. Also the Enforcement Directorate has already arrested two Axis Bank officers for their involvement in illegal activities since Narendra Modi announced the demonetization.
As per the Axis Bank statement, “The bank is committed to following the highest standards of corporate governance and has zero tolerance towards any unconventionality 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 co-operating with the investigating agencies.”
Earlier, the deputy manager of an Axis Bank branch in Kolkata was arrested for allegedly converting black money into white through fake company accounts.
The government has permitted deposit of the old currency notes of Rs 500 and Rs 1,000 till 30th December, 2016.
It has warned of high penalties that if any people are found depositing larger amounts without informing the IT department.