Home » Delhi news » Noida: IT dept raids Axis Bank; discovers Rs 60 crore in 20 fake accounts
 
SPEED NEWS

Noida: IT dept raids Axis Bank; discovers Rs 60 crore in 20 fake accounts

Speed News Desk | Updated on: 15 December 2016, 14:33 IST
Noida: IT dept raids Axis Bank; discovers Rs 60 crore in 20 fake accounts
Noida: IT dept raids Axis Bank; discovers 20 fake companies, Rs 60 crore in fake accounts

The Income Tax Department on 15 December conducted a raid on Axis Bank, in Noida, Sector 51.

According to news agency ANI, over 20 fake companies had their accounts in the branch and an amount of over Rs 60 crore had been deposited in these accounts.

According to other reports, 44 fake accounts were created with the help of forged documents.

On 5 December, ED officials arrested two Axis Bank managers in New Delhi in connection with illegal conversion of currency notes.

Earlier this month, the IT department also seized huge sums of money in multiple accounts.

The deputy manager of an Axis Bank branch in Kolkata was earlier arrested for allegedly converting black money into white through bogus company accounts.

First published: 15 December 2016, 12:41 IST
 
MORE FROM CATCH