The Income Tax officials have today recovered nearly Rs 10 crore of unaccounted money from lockers of a Bank of Maharashtra branch in Pune.
The Income Tax officials have today recovered nearly Rs 10 crore of unaccounted money from lockers of a Bank of Maharashtra branch in Pune. They have opened at least five lockers at the Parvati branch of bank of Maharashtra in Pune. The department is investigating the involvement of bank officials in the illegal stashing of black money and owners of the lockers are being tracked.
It has also sought cooperation from the bank officials to obtain all the transactions of the said firm in the branch even as counting of the cash is being carried out, the report in ‘The Times of India’ has said. Income tax officials have seized crores of rupees in raids across the nation since Prime Minister Narendra Modi announced the demonetisation decision of the Centre on November 8.
With the aim to track black money in circulation, the Centre has expanded the scope of income tax probes beyond tax evasion by asking the police, the Enforcement Directorate (ED) and CBI to look for possible criminality and money laundering. After the demonetisation step, the focus is on more collaboration between the tax department and other probing agencies to ensure that those caught with big amounts of unaccounted cash are probed for corruption and criminal activities including money laundering.