NEW DELHI: The Income Tax department on Thursday raided two branches of Axis bank situated in Noida region of the national capital. The officials found 20 fake companies with around Rs 60 crores of deposit.
At the raid which lasted for more than two hours, roles of many bank employees were questioned. The accounts were linked to a jeweller who allegedly sold gold bricks worth 600 crores after the government banned Rs 500 and Rs 1,000 currency notes on November 8.
Similar actions have been taken by the authorities in the past few days against Axis Bank. Earlier, two bank managers were arrested in Delhi for their alleged role in helping convert untaxed money.
The ED also conducted a raid in Chandini Chowk area of Delhi where 44 fake bank accounts were found with Rs 100 crore.