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Over Rs 60 Crore In 20 Fake Accounts Found In IT Raids On Axis Bank, Noida Branch
Swarajya Staff
Dec 15, 2016, 04:59 PM | Updated 04:59 PM IST
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In a raid on an Axis Bank branch in Noida today (15 December), more than Rs 60 crore was found deposited in 20 fake accounts, reported the Times of India. These accounts were reportedly opened in the name of low-income workers and labourers.
Noida: Visuals of Axis bank in Noida sec 51 where Income Tax Dept raided & found accounts of 20 fake companies with over Rs 60 Cr in them pic.twitter.com/wtH4Xqs3eI
— ANI (@ANI_news) December 15, 2016
This branch of Axis Bank in Noida came under the Income Tax department’s radar after a local jeweller deposited his income in the bank branch after selling gold worth Rs 600 crore.
Axis Bank branches in the National Capital Region have been raided before as well, and fake accounts discovered.
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