Delhi: I-T dept seizes Rs 39 cr from 9 fake accounts in Kotak Mahindra's KG Marg Branch; Bank denies allegations
In Yet Another Shocking Case, Income Tax Department On Thursday Seized Rs 39 Crore From At Least Nine Fake Accounts Being Operated Under Various Names By One Ramesh Chand And Raj Kumar In Kotak Mahindra Bank's KG Marg Branch In Central Delhi.
In yet another shocking case, Income Tax department on Thursday seized Rs 39 Crore from at least nine fake accounts being operated under various names by one Ramesh Chand and Raj Kumar in Kotak Mahindra Bank's KG Marg branch in Central Delhi.
According to reports, the IT sleuths found unaccounted cash deposit worth Rs. 36.40 cr submitted in a company named Radhika Gems. The amount was later transferred to NC Jewellers account in Axis Bank.
IT department also found eight fake accounts with a total balance of Rs 32.25 cr in the name of:
R K International Swastik Trading Sapna Trading Mahalakshmi Industries Shree Ganesh Enterprises Delhi trading Co Virgo International Kwality Trading Co.However, on investigation it was found that none of these entities exist and the accounts were mainly controlled by Ramesh Chand and Raj Kumar.
Furthermore, soon after deposits in the above stated 'fake' accounts, the bank helped by issuing Demand Drafts in the name of non-descript individuals -Sunil Kumar, Dinesh Kumar, Madan Saini, Seema Bai and others.
However, the IT department has frozen these demand drafts as of now and money has been re-submitted in the fake accounts, reports said.
IT department is still conducting search and so far it has revealed that one of the accused Raj Kumar is not a person of means and lives in a humble house.
Updates:
10:30am:
#Delhi: IT Dept visited Kotak bank's branch(KG Marg) in connection with survey on 2 of its customers & related a/cs: Kotak Mahindra Bank Spox (ANI)#No KYC deficiencies noted in these 2 customers. IT Dept did question the Branch Manager: Rohit Rao, Kotak Mahindra Bank Spox (ANI)
#No adverse report submitted to bank so far;Bank denies tht wre any fake a/cs;extending full co-operation to investigating agencies-Rohit Rao (ANI)
Also read:
23 fake accounts with Rs 45 cr found by internal audit team of Axis bank Noida Sec18 branch
Income Tax raids Axis Bank Krishna Nagar branch, finds 12 fake accounts
Axis Bank suspends 24 employees, 50 accounts for suspicious transactions
For all the Latest India News, Download News Nation Android and iOS Mobile Apps.
More from India
Do You Know....Ambedkar as a Social Scientist?
10th anniversary of Crimea: A Photo Exhibition was organized at the Russian House in New Delhi
GATORADE USES DATA TO UNLOCK URBAN PLAYGROUNDS, WITH THEIR INITIATIVE 'TURF FINDER'
News Nation Network Receives Prestigious Amity Corporate Excellence Award at INBUSH ERA Global Summit
Foreign Ministers of Finland and India Unveil a Logo Marking 75 Years of Diplomatic Ties