News Nation Logo

Nation View: Income Tax dept raids Axis Bank Noida branch, unearths 20 fake accounts with over Rs 60 cr

The Income Tax department raided another Axis Bank branch in Noida sector 51 branches on Thursday. 20 fake accounts of companies with deposits of over 60 crores have been discovered in the raid. The accounts were being used by companies to turn black money to white money.

Updated : 16 December 2016, 12:00 AM