IT department raids two Axis Bank branches in and around Delhi on Thursday
While details of the Connaught Place branch raid is awaited, during the Noida Sector 51 branch raid, IT officers unearthed accounts belonging to 20 fake companies, media reported.
Over rupees 60 crores were found to have been deposited in these fake accounts, media reported.
According to reports, the IT department zeroed in on the Noida branch when a jeweller in Noida was found to have sold gold worth Rs 600 crore after the demonetisation scheme was announced on Nov 8 by Prime Minister Narendra Modi.
A few days back, IT officials had raided an Axis Bank branch in Delhi’s Chandni Chowk area.
The Economic Times reported that IT officials had said that about Rs 100 crore in old notes had been deposited in the accounts since November 8, the date of the announcement of demonetisation by Prime Minister Narendra Modi.
The bank subsequently suspended 16 employees and the Enforcement Directorate had arrested two bank managers.
Shikha Sharma, MD and CEO of Axis Bank,in an interview to the Economic Times on December 13 had said, "We have taken the toughest action against these employees and will do so in every case of divergence from our code of conduct."
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