Crores seized from benami accounts in cooperative banks in several states

January 09, 2017 21:09

Sources from the income tax department have said that several cooperative banks have been found involved in laundering unaccounted cash at unprecedented scale post November 8.

They said that cash in unallotted and benami lockers was seized from cooperative banks at several places, including Solapur and Pandharpur in Maharashtra, Surat in Gujarat and Jaipur and Alwar in Rajasthan.

In Alwar, a cooperative bank was found to be laundering personal unaccounted cash of Rs 2 crore by the management. Directors cheated the bank of Rs 8 crore, they said.

In a cooperative bank in Jaipur, unrecorded cash worth 1.5 crore was found secreted away in an almirah in the bank, the I-T sources said. -- ANI

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