Even after more than a year after Narendra Modi Government’s demonetisation step, officials are unearthing cases relating to exchange of demonetised notes. On Thursday, the Central Bureau of Investigation (CBI) conducted search operations at 32 places including the Administrative Office and seventeen branches of a Maharashtra based Co-operative Bank Limited. Search operations were also conducted in residential premises of accused persons at Pune, Baramati and Lonavala.
Earlier in the day, in its attempt to curb the menace of black money menace, the Centre announced its decision to remove names of 1.2 lakh more firms from the official records for a number of non-compliances. The decision came on the backdrop of a review meeting of the action taken on de-registered firms a few days back.
According to an official release, the decision was sanctioned by MoS, Corporate Affairs, PP Chaudhary, who asked officials to take action against the companies. Last year in December, the government struck off about 2.24 lakh companies after demonetisation, for remaining inactive for a period of two or more years.
A preliminary probe from 56 banks in respect of around 35,000 firms, which involve about 58,000 accounts, revealed that more than Rs. 17,000 crores was deposited and withdrawn after demonetisation.
Meanwhile, the Delhi High Court this week, granted bail to a businessman, who was in Enforcement Directorate custody June 2017 in connection with a post-demonetisation money laundering case. The court also held the custody of accused Yogesh Mittal as “illegal” from August 11-31, 2017. It released Mittal on bail on a personal bond of Rs one lakh with two sureties of the like amount, which is subject to satisfaction of the Special Court. the accused, who is in custody since June 5 had appealed for regular bail.
The agency had arrested him under the Prevention of Money Laundering Act (PMLA) for his alleged role in the illegal conversion of demonetised currency notes worth Rs 51 crore in collusion with lawyer Rohit Tandon, a suspended bank manager and another person.