RBI seeks CCTV recordings of banks to trace culprits
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.
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.