Top

RBI seeks CCTV recordings of banks to trace culprits

Shobhit Kalra

Shobhit KalraBy Shobhit Kalra

Published on 13 Dec 2016 10:11 PM GMT

RBI seeks CCTV recordings of banks to trace culprits
X
RBI seeks CCTV recordings of banks to trace culprits
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print

New Delhi: In a bid to catch the people practicing irregularities in banks since demonetisation came into effect, the Reserve Bank of India on Tuesday directed the banks to present the CCTV recordings of their branches from November 8 to December 30.

The move of demanding CCTV recordings was taken on the same day when a junior RBI personnel was arrested in Bengaluru for allegedly attempting to convert Rs 1.5 crore in scrapped currency notes.

The Income Tax department has claimed that between November 8 and December 6, they have caught undisclosed income to Rs 2,000 crore and have seized more than Rs 130 crore in cash and jewellery. The seized cash includes both new and scrapped currency notes. The I-T department claimed that they have carried out more than 100 raids across the country over the past five weeks.

Also Read:

Centre to come down on erring banks, 400 CDs of sting reach the PM

Can cooperative banks accept demonetised notes? SC asks Centre

The Central Board of Direct Taxes (CBDT) spokesperson clarified that they still don’t have any consolidated figure for the new notes that have been seized. The approx estimate suggests that the entire amount of new denomination notes seized in raids by Income Tax sleuths and other officials, including state police, is around Rs 150 crore. The amount, however, can't be verified independently.

The major cases of new currency notes seized during raids carried out by the official agencies include Rs 5.7 crore found in a hawala dealer's house in Karnataka, Rs 2.6 crore in a law firm's office in Delhi and Rs 1.55 crore in a local businessman's house in Assam.

Shobhit Kalra

Shobhit Kalra

Writer has 10 years of experience in digital media. Presently working as Chief Sub Editor at newstrack.com. An avid reader and always willing to learn new things and techniques.

Next Story