Un­ex­plained cash de­posits by pro­fes­sion­als

Financial Chronicle - - PLAN, POLICY -

Hy­der­abad doc­tor’s art

The doc­tor was found to have de­posited more than Rs 11 crore in SBNs af­ter Novem­ber 8 in three bank ac­counts. Dur­ing ques­tion­ing, the in­di­vid­ual could not pro­vide any doc­u­ment to sub­stan­ti­ate the source of the de­posits, which was later ad­mit­ted as undis­closed in­come. Pro­hibitory or­ders were ini­tially placed on the bank ac­counts, which were later lifted and a sum of Rs 7.50 crores were seized.

An ac­count of Odisha of­fi­cial

A gov­ern­ment em­ployee was searched on the ba­sis of in­for­ma­tion on un­ex­plained cash de­posits into the bank ac­counts main­tained with var­i­ous banks in own name as well as in the name of his fam­ily mem­bers. In­ves­ti­ga­tions also re­vealed that his wife, a home­maker with no as­cer­tain­able sources of in­come, had pur­chased land in Bhubaneswar by mak­ing cash pay­ment of Rs 53 lakh, the sources of which could not be ex­plained. A to­tal cash of Rs 2.28 crore has been seized in this case. The mat­ter has also been re­ferred to the state vig­i­lance depart­ment.

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