Today, IT department officials raided the Axis Bank’s Noida sector 51 branch and spotted over 20 fake accounts of the companies who have deposited over Rs 60 crores in these accounts.
According to the reports, these accounts were opened with the name of labors and low income workers and cash was regularly deposited into these accounts.
This is not the first time, that IT department raided on Axis Bank, In the Last week also IT Department raided its Chandni Chowk branch and discovered 44 fake accounts in which over Rs 100 crores was found in these accounts
The Enforcement Directorate officials had arrested two Axis Bank managers in New Delhi over their involvement in exchanging of currency notes on December 5.
As post demonetisation, there are many cases related to unaccounted money, fake accounts in banks have been unveiled by the government and Income tax department.