Noida: The Enforcement Directorate (ED) has registered a money laundering case in the alleged forging of a customer's identity to conduct huge illegal transactions converting black funds into white post demonetisation in an Axis Bank branch in Noida.
In his complaint filed with the police the individual, identified as N Paswan, has claimed that his identity was forged to open a current and a savings account in the said branch. The same were allegedly used to launder crores of rupees post demonetisation.
Officials said that the ED registered a criminal complaint under the provisions of the Prevention of Money Laundering Act (PMLA) based on the police FIR on Paswan's complaint.
Officials state that the ED has come into picture to probe proceeds of crimes generated through use of various fake accounts that have "fake or weak" KYC (Know your customer) details.
They further added that the agency is probing more than two dozen accounts in the bank here that could have been used to launder money, in the wake of the scrapping of Rs 1000/500 notes. The amount under scanner of the central probe agency is over Rs 60 crore.
Notably, the Axis bank branch located in sector 51 of Noida, is already under scanner of the Income Tax department owing to alleged dubious transactions using shell companies.
On the other hand, the ED also conducted searches on the premises of four bullion traders in Mumbai yesterday in a similar probe.
The agency has also sought freezing of few bank accounts of these traders as part of its probe, they said....