Axis Bank branch raided over fake accounts in Delhi
NEW DELHI: Income tax officials raided an Axis Bank branch in Chandni Chowk, New Delhi, beginning Thursday evening and said on Friday the operation unearthed more than 40 fake accounts in which large sums were deposited in old notes after November 8.
TV reports said about Rs100 crore was found in dubious accounts at the branch but tax officials said the investigation was on and final figures would emerge later.
Shopkeepers in the vicinity said three people wearing suits entered the bank around 4pm on Thursday and the shutters were put down, to be opened temporarily later to allow female employees to leave. Other bank staff and the tax officials stayed overnight, examining records and CCTV footage.