These accounts were allegedly opened by submitting fake KYC documents.
Sources said, I-T has found 44 fake accounts in which allegedly around Rs 100 crore in old notes were deposited after demonetisation announcement.
New Delhi: I-T sleuths on Friday held raids on a second branch of private bank Axis bank to probe money laundering post demonetisation of old currency notes.
Sources said, I-T has found 44 fake accounts in which allegedly around Rs 100 crore in old notes were deposited after demonetisation announcement. These accounts were allegedly opened by submitting fake KYC documents. I-T is questioning branch officials about these accounts. Sources said Rs 450 crores have been deposited in this branch since November 8.
( Source : Deccan Chronicle. )
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