Review Nepal News

IT issues notices to over 50 bank account holders, eyes on 5000 accounts of private sector banks

Review Nepal
  Kathmandu, Nepal      December 18 2016
Guwahati, December 18 : Income Tax department has unearthed such bank accounts where huge amount of banned denominations deposited post demonetisation in Assam. 
A top official of IT department said that, the IT department has issued notices to more than 50 bank account holders where huge amount of cash in old notes deposited following Centre's decision of scraping the denomination of Rs 500 and Rs 1000. 
"After collecting transaction information from the concerned banks it revealed that, huge amount of old currency denominations were deposited in such accounts. In such account above Rs 25 lakh in old notes had deposited post demonetisation," the top IT official said. 
The IT official further said that, more than 5000 accounts of private sector banks are in IT radar. 
"We have noticed and found that huge amount of banned notes had deposited in some fake accounts, which were opened in the name of unidentified persons," the IT official said. 
Recently, the IT department had raided at Bongaigaon Axis bank branch in lower Assam and unearthed 28 fake accounts where more than Rs 13 lakh in scraping notes deposited since November 10. 
The official said that, the IT department had issued notices to more than 50 bank account holders in Assam. 
On the other hand the IT department had handed over some suspicious terror fund transaction cases to CBI and Enforcement Directorate (ED). 
Meanwhile, a top official of Assam police said that following Centre's decision of demonetisation, terror fund trap turned dry and all the militant group of North East India including ULFA(I), NSCN (K), GNLA, NDFB, KLO, PLA had tried to convert their banned notes into new currency denominations by using some tribal people bank accounts, Jan Dhan accounts and with the help of some traders, contractors. 
"We have asked all the banks to inform local police if found any suspicious transaction," the top police official said. 
(Reporting by Hemanta Kumar Nath)