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Case under PMLA registered in fake accounts case in Noida Axis bank 

The Enforcement Directorate (ED) team, on Saturday, has started proceedings to lodge case under the provisions of Prevention of Money Laundering Act with regards to 20 fake accounts found in Sector 51 branch of Axis bank in Noida

Sakshi Chaturvedi

Sakshi ChaturvediBy Sakshi Chaturvedi

Published on 17 Dec 2016 6:40 AM GMT

Case under PMLA registered in fake accounts case in Noida Axis bank 
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Case under PMLA registered in fake accounts case in Noida Axis bank 
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Gautam Budh Nagar (Noida): The Enforcement Directorate (ED) team, on Saturday, has started proceedings to lodge case under the provisions of Prevention of Money Laundering Act with regards to 20 fake accounts found in Sector 51 branch of Axis bank in Noida on Thursday last.

ALSO READ: Another irregularity found in Axis Bank branch,Rs 60 crore seized

The Income Tax and other departments officials had raided the bank branch following complaint of an electrician Nandu Paswan,a resident of Peetampura in Delhi, that a fake account was opened using his ID and showing him as the owner of a company. On the basis of complaint, the scrutiny of accounts revealed that Rs 3.60 crore were transferred through RTGS in the fake name of Himani Enterprise in which Nandu was shown as the owner.

Subsequently, 20 such fake accounts were found in the branch prompting authorities to shut down the branch and launch proceedings under PMLA. Several crores were found in the fake accounts of the Axis bank branch, the officials said.

ALSO READ: I-T recovers 12 fake accounts in Krishna Nagar’s Axis Bank branch

Sakshi Chaturvedi

Sakshi Chaturvedi

A journalist, presently working as a Sub-Editor at newstrack.com.

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