WEB DESK
INDIA’S TOP agencies have been working overtime to act against black money holders. Arrests and raids have also been conducted in Surat, Hyderabad, Tamil Nadu, Haryana, Chandgarh and Bengaluru amongst other places.
Concerned citizens have also been actively supplying information about those hoarding the new currency notes, and those using bogus bank accounts and black money.
CBI has arrested Commercial Manager of Railways posted at Mumbai’s Chatrapati Shivaji Terminus for allegedly exchanging demonetised currency having face value of Rs 8.22 lakh with newly introduced Rs 2,000 notes. Case has been registered against K L Bhoyar, Assistant Commercial Manager under sections related to criminal conspiracy and provisions of Prevention of Corruption Act. CBI also carryed out searches at Bhoyar’s official and residential premises.
CBI has arrested Senior Special Assistant Sadananda Naika and Special Assistant A.K Kavin of Cash department of RBI, Bangalore in a matter relating to unauthorised exchange of the specified Bank Notes of 500 and 1000 notes.
Income Tax department has raided the financer Kishore Bhajiawala’s premises in Surat in Gujarat. Assets worth Rs. 400 cr in cash, bullion, jewellery and property papers found.
Hyderabad police has arrested four youths and seized unaccounted cash in their possession. Police found the men carrying 12 lakh rupees, all in new 2,000 rupee currency denominations without proper documentation. Police arrested the men from Panjagutta police station limits.
In Tamil Nadu, five persons have been arrested and about Rs 37 lakh in 2,000 rupee notes seized from their car in Erode . The seizure was made during a vehicle check at Gobichettipalayam-Modachur main road . The notes worth Rs 36.9 lakh, were found in a cloth bag in the car and all the five persons in the vehicle were arrested.
Enforcement Directorate has lodged a case against Axis Bank’s Noida Branch where fake accounts were found. ED is also questioning bank officials. Income Tax department had unearthed deposits worth Rs 60 crore from twenty fake accounts.
Haryana police has seized over Rs 10 lakh cash in new currency notes from a money exchanger in Kurukshetra. Acting on a tip off, a team stopped a car at a check post near Shahabad Markanda bridge and recovered the cash.
The Enforcement Directorate has recovered about Rs 30 lakh cash and 2.5 kg gold from the premises of a prominent tailor in Chandigarh as part of its operation to unearth illegal cash. The seizure comes three days after ED officials recovered Rs 2.19 crore cash from a cloth merchant in the city. The seizure included Rs 18 lakh in Rs 2,000 denomination and while the rest was in Rs 100 and 50 denominations.