I-T unearths Rs 871 crore scam in Rajkot bank

January 9, 2017

New Delhi, Jan 9: The income tax (I-T) department has detected huge alleged discrepancies in the transactions of a Rajkotbased cooperative bank where Rs 871 crore deposits were made, over 4,500 new accounts opened and more than five dozen accounts having same mobile number initiated, making it one of the biggest cases of black fund generation post November 8.

rajkotThe department's Ahmedabad probe wing has now initiated action under tax laws and has sought full details from the bank after it conducted survey operations against it sometime back and found large irregularities.

Officials said the department's investigation till now has found that cash deposits of Rs 871 crore, majorly using the old notes of Rs 500 and Rs 1000, was made in this bank between November 9-December 30 last year while Rs 108 crore was withdrawn during the same period in a highly suspicious manner not commensurate with the bank's activities during the same period in 2015 or at other times.

The sleuths have identified at least 25 high value cash deposits post demonetization where Rs 30 crore monies have been transacted in an alleged suspicious and unsatisfactory manner and in accounts with purported weak KYC norms in place. An I-T analysis report prepared in this regard states that Rs 10 crore funds were deposited in a number of "dormant" accounts post the currency scrap, including in that of a petroleum firm where Rs 2.53 crore was deposited.

What has startled the taxman has been the fact that a total of "4,551 new accounts were opened in the bank post demonetization as against the average 5,000 of such accounts usually opened in the full year while 62 of these were opened using one mobile number." It was detected, they said, that there were blatant discrepancies in the pay-in slips filled to make the deposits as none of them had PAN numbers quoted, many had no signatures of the depositor even as none had any documents to reflect the source of these amounts.

"It was found that the son of bank's ex-director has received Rs 1 crore through cash deposits in 30 bank accounts. All the pay-in slips were filled by the same person. "Also, the mother of the vice-chairman of the bank has received 64 lakh of cash deposits which have ultimately been transferred to a jeweller," the report alleged and added the funds moved through RTGS and other banking transfer channels.

Comments

Skazi
 - 
Monday, 9 Jan 2017

Shaji, even the role of notorious BJP leaders can not be ruled out ....

Let the justice prevail, and INDIA be CLEAN ....

shaji
 - 
Monday, 9 Jan 2017

I hope investigation will lead to involvement of anti social, anti national and terrorist organisation in this huge currency deal.

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News Network
August 9,2020

Bengaluru, Aug 9: Swollen rivers and flood-like situation continue to threaten lives and property in several parts of Karnataka that have been ravaged by torrential rains over the last few days.

Though there has been a respite from the downpour in some parts, rivers continue to flow above the danger mark, inundating low lying areas in several parts of Malnad, coastal and interior Karnataka.

There are also reports of continued landslides in hilly areas of Kodagu and Chikkamagaluru.

In Dakshina Kannada, heavy rains have submerged several areas in Bantwala and Belthangady, among others, with the Netravati river overflowing and also water being released from nearby dams.

Officials said incessant rains in Cauvery river catchment areas have led to increased inflow in the Krishna Raja Sagara dam in Mandya district. Water is being released from it and people living in low lying areas have been warned, they said.

There is also a flood-like situation in Najanagudu and nearby areas of Mysuru as the swollen Kapila river has inundated roads connecting Ooty in neighbouring Tamil Nadu, with water being released from Kabini dam.

There has been some respite from heavy rains in certain parts of Kodagu, which has been ravaged by floods and landslides. However, several areas of the district continue to be in deluge with the Cauvery and Lakshmana Tirtha rivers overflowing due to rains in the hilly areas.

There are also reports of landslides in some parts of the district.

Meanwhile, continuing rains are hampering the search operation by NDRF and authorities to locate five people, including the priest at Talacauvery, the origin of the river Cauvery, who had gone missing due to massive landslides at Bramhagiri hills on Wednesday night.

There are also reports of landslides at a few places in Charmadi ghat region of Chikkamagaluru and the road connecting to Dakshina Kannada has been closed temporarily.

Though Belagavi district has had some respite from the heavy rains, flood like situation continues to persist as the Krishna river and its tributaries are swollen due to continued inflows because of rains in neighbouring Maharashtra.

Inflow has also increased to the Tungabhadra dam of Ballari district due to rains in the catchment areas of Shivamogga and Chikkamagaluru.

Authorities have alerted people living in low lying areas about opening dam gates to release water anytime with rising inflow.

There is a similar flood like situation in parts of Yadgir, Raichur and Bagalkote districts with water being released from various dams.

The state government has released ₹ 50 crore for emergency relief and has announced ₹ 10,000 as immediate relief each to affected families.

An amount of ₹ 5 lakh has been announced for completely damaged houses, while in the case of partially damaged ones, relief will be distributed considering the extent of damage.

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News Network
January 21,2020

Bengaluru, Jan 21: Controversial Mysuru ruler Tipu Sultan will remain in state-syllabus textbooks in the next academic year (2020-21) too. But the government will form another committee to look at the subject afresh.

"Efforts are on to give textbooks and uniforms the day schools open next academic year. After a discussion with the CM, we decided to not make any changes in the textbooks for the upcoming academic year,"said primary and secondary education minister S Suresh Kumar.

No political angle, says minister

However, we will form a committee to look into it again,” said the minister.

Three months ago, Madikeri MLA Appachu Ranjan had written to the minister seeking removal of contents on Tipu Sultan from Karnataka state syllabus books of classes 6,7 and 10. The minister said: “Appachu Ranjan is a five-time MLA. When he sent a letter, it’s my duty to seek an opinion on it. There’s no political angle here.”

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coastaldigest.com news network
June 19,2020

Mangaluru, Jun 19: Mohammad Haneef Guddemane, a cattle trader, who was thrashed by the miscreants of Bajrang Dal while legally transporting cattle last weekend, today appeared before media and demanded appropriate action against the assailants.

The attack took place on June 14 at Urwa in the city when he was transporting four buffalos along with all necessary documents. The attack was also captured on a CCTV camp. 

The victim, who addressed a press conference today, said that it was not the first time he is transporting cattle as into animal and husbandry for years. 

“I had bought 10 she-buffaloes on June 13 from Ranennur and obtained certificate from the local government veterinary doctor after which the animals were brought to my village,” said Haneef, who is a resident of Jokatte on the outskirts of the city. 

He said that he was transporting four out of the ten she buffaloes he had bought to the slaughterhouse at Mangaluru on June 14 when a gang of around 15 members which intercepted his vehicles near Urwa police station dragged him out of the vehicle, rained abusive words at him, made blasphemous remarks about his religion, and hit him with a helmet besides kicking him. 

He said that three of the assailants were armed with sabre, iron rod and wooden sticks. 

"They also tied me to the vehicle and assaulted. They also attacked me with their arms but I escaped. Their plan was to kill me. Fortunately, the police reached the spot and the assailants escaped. However, they thoroughly damaged my vehicle and robbed Rs 7,800 I had with me. I got treated at Highland Hospital in the city," he stated.

Expressing shock over the soft corner approach of the police towards the assailants, he said that only six of around 15 attackers were booked by the police. 

“All the accused were let off by the police after registering petty cases. Ironically, the police had not recorded my statement. On the day of attack, they had asked me to sign on a paper. It contained the complaint written by themselves. Hence, on June 17 I visited the Urwa police station and recorded my statement,” he said.

He said that even though he has all the documents pertaining to the cattle that he had purchased, the police had registered false cattle theft charge against him. 

Former city mayor K Ashraf, Hyder, bother of the victim and Shamsuddin, Jokatte gram panchayat vice president were present at the press meet.

Also Read: Mangaluru: Bajrang Dal men thrash cattle trader after waylaying buffalo-laden vehicle

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