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old notes of Rs 500 and Rs 1000, was made in this bank between November 9-December 30 last year while Rs 108 crore was withdrawn during the same period in a highly suspicious manner not commensurate with the bank's activities during the same period in 2015 or at other times.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
May 21,2020

Bengaluru, May 21: With temples yet to open for devotees as coronavirus restrictions are in place, the Karnataka government is preparing for live streaming of sevas (service) and poojas offered to deities at temples that comes under the state's Hindu Religious Institutions and Charitable Endowment Department.

The government has also decided to develop an app and web-based software with an intention to provide information to devotees regarding temples, also to facilitate online donations and advance booking for various sevas offered there.

Regarding online live streaming, Commissioner of the Hindu Religious Institutions and Charitable Endowment Department has written to the Deputy Commissioners of all the districts and Executive Officers seeking a list of temples that comes under their jurisdiction where such facility can be provided.

"It has been intended to do online live streaming of sevas and pooja rituals at temples that come under the department in the backdrop of COVID-19 crisis. In this regard it is requested to provide a list of temples where online live facility can be provided to devotees, by abiding the traditions and practices of the temple," the letter said.

Though the temples are holding daily poojas and rituals, they are not open to public for now, with COVID-19 induced lockdown restrictions in place.

Officials had recently had stated that the department was planning to have a standard operating procedure (SOP) in place, that needs to be followed at temples in a post lockdown scenario, once they are opened for the public.

There are over 34,000 temples in the state that come under the department.

Meanwhile, in another letter to DCs of 15 districts, also Executive officers and administrators of 'A' grade temples, aimed at development of app and web-based software, the Commissioner has sought information regarding sevas offered at temples in their jurisdictions and those sevas for which option can be provided for devotees to do advance booking.

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coastaldigest.com news netwrok
July 10,2020

Mangaluru, July 10: Dakshina Kannada, which has emerged as one of the hotspots of covid-19 in Karnataka, has recorded at least six novel coronavirus related deaths in past 24 hours. 

According to sources, four people lost their battle with the novel coronavirus in Wenlock, the designated covid hospital. 

A 35-year-old man from Hosabettu, who was tested positive for COVID-19 recently, died at the Wenlock COVID hospital in the morning.

A 58-year-old woman from Thokkottu, a 67-year-old man from Ullal and a 65-year-old man from Falnir also passed away in the same hospital. 

Two other covid patients passed away in private hospitals. 

With this, the total number of death of covid patients in the district rose to 36. 

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News Network
January 12,2020

Kochi, Jan 12: Golden Kayaloram, the fourth and last Maradu residential apartment was razed by controlled implosion in Kochi on Sunday afternoon as per the directions of the Supreme Court.

The building came crashing down, leaving the entire area in a cover of white smoke.

Earlier today, Jain Coral Cove, the apartment having the maximum number of housing units among the illegally built buildings, was razed down at 11:02 am.

The authorities coordinated the operations from a control room set up at the office of the Inland Waterways Authority of India.

As per municipal records, there were 122 housing units in Jain Coral Cove and 41 in Golden Kayaloram.

The prohibitory orders that were clamped in the area will remain imposed for the day. The district administration on Saturday imposed Section 144 of the Code of Criminal Procedure (CrPC).

On Saturday, the 19-floor H2O Holy Faith apartment complex with 90 flats and the Alfa Serene complex with twin towers were demolished at 11 am and 11:05 am respectively.

The buildings are razed for violating the Coastal Regulation Zone (CRZ) rules. The directions in this regard were passed by the Supreme Court last year. 

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