Business
IT raids Axis bank branch, seizes 20 accounts
Noida, Dec 15 Income Tax officials on Thursday raided an Axis Bank branch here and seized 20 fake accounts with deposits amounting Rs 60 crore, police said.
The raid was conducted around 10 a.m. at an Axis Bank branch situated at Sector-51.
A police officer said the suspected accounts were opened on the name of several fake companies and a few low income individuals.
"IT officials also found that the directors or owners of these fake companies are daily labourers," a police officer said.
The officer said these fake accounts came to the notice of the IT department when a jeweller in Noida sold gold worth Rs 600 crore after the November 8 demonetisation announcement, and deposited the money he got at the Noida branch.
"Most of the money has reached the jeweller through RTGS (Real Time Gross Settlement system)," the official said.
A large number of account holders gathered outside the bank as they were not allowed to go inside. A police team was also deployed outside the Axis Bank branch.
IT officials also recovered over Rs 100 crore from 44 suspect accounts in an Axis Bank branch in Chandni Chowk area in Delhi.
9 minutes ago
Congressman Valadao Pushes for U.S. Resolution Honoring Victims of 1984 Sikh Genocide
22 minutes ago
Defeat New York State's Proposition 1: An attempt to undermine the rights of the parents concerning the health and welfare of their children
26 minutes ago
NYC Mayor Eric Adams Welcomes Thousands to Gracie Mansion Diwali Celebration
1 hour ago
"Nothing stops private sector from coming and doing business in India": Nirmala Sitharaman
1 hour ago
US Elections: Latest poll shows Trump, Harris tied at 48 pc for popular vote
1 hour ago
US President Joe Biden apologizes to Native Americans for 'abusive' govt-funded boarding schools
1 hour ago
U.S. ICE Deports Indian Nationals Lacking Legal Basis to Remain
3 hours ago
Maha polls: Congress issues second list of 23 candidates, Nagpur leader Bhoyar to face state BJP chief
3 hours ago
TN: Migratory birds begin arriving at Kodiyakarai Bird Sanctury as rains set in
3 hours ago
YouTuber Irfan regrets vlog on cutting his child's umbilical cord
3 hours ago
Galaxy full of stars attend Ayushmann, Tahira Kashyap's Diwali party
3 hours ago
Coldplay, Diljeet concerts: ED raids in 5 cities against ticket black marketeers
3 hours ago
Shilpa Rao talks about discrimination between male and female singers