Unexplained cash deposits by petrol pumps
Rajkot-based fuel station
Analysis of cash deposits data during demonetisation period revealed that there were over 110 petrol pumps under Rajkot charge, which had deposited cash of Rs 190 crore. On an average, it was found that one-fifth is the excess cash deposited in pumps over and above the sales made in the corresponding period. Demonetisation data was compared with average monthly sale of last year. The bank statements were also gone through for further analysis like periodicity and magnitude of cash receipts and payments. Cases, where deviations were observed beyond 25 per cent, were selected for survey, as the government had allowed petrol pumps to accept scrapped bank notes (SBN) against the sale during demonetisation. The exercise led to detection of discrepancies of more than Rs 10 crore in 9 surveys.