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Income Tax raids Axis bank branch, seizes 20 accounts

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New Delhi, 15 Dec 2016 : Income Tax officials on Thursday raided an Axis Bank branch here and seized 20 fake accounts with deposits amounting Rs 60 crore, police said.

The raid was conducted around 10 a.m. at an Axis Bank branch situated at Sector-51.

A police officer said the suspected accounts were opened on the name of several fake companies and a few low income individuals.

“IT officials also found that the directors or owners of these fake companies are daily labourers,” a police officer said.

The officer said these fake accounts came to the notice of the IT department when a jeweller in Noida sold gold worth Rs 600 crore after the November 8 demonetisation announcement, and deposited the money he got at the Noida branch.

“Most of the money has reached the jeweller through RTGS (Real Time Gross Settlement system),” the official said.

A large number of account holders gathered outside the bank as they were not allowed to go inside. A police team was also deployed outside the Axis Bank branch.

IT officials also recovered over Rs 100 crore from 44 suspect accounts in an Axis Bank branch in Chandni Chowk area in Delhi.

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PDP chief Mehbooba Mufti released from detention after 14 months

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Jammu, 13 Oct : Former Jammu and Kashmir chief minister and Peoples Democratic Party (PDP) leader Mehbooba Mufti was on Tuesday released from detention. “PDP chief Mehbooba Mufti is being released from detention,” said Jammu and Kashmir administration spokesperson Rohit Kansal.

A government order issued on Tuesday night said her detention was being revoked with immediate effect.

The Jammu and Kashmir administration in July had extended her detention by three months under the stringent Public Safety Act (PSA).

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SAD breaks alliance with BJP Leaves NDA in protest against farmers ordinance

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Chandigarh, 26 Sep : The Shiromani Akali Dal (SAD) has severed its alliance with the BJP. The Akali Dal had a 22-year-old alliance with the BJP.

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