Huge discrepancies detected by I-T in Co-op bank of Rajkot

Rajkot: Huge discrepancies are detected by Ahmedabad investigation unit of Income Tax department on Cooperative Bank of Rajkot Ltd.

According to Income Tax department sources, total of Rs 871 crore amount was deposited in cash from 9 November to 30 December while total cash withdrawal was Rs 108 crore during demonetization period.

More than 25 suspicious high value cash deposits totaling upto Rs 30 crores are observed post November 8. Various dormant bank accounts are identified in which large cash deposits were made totaling Rs 10 crore which includes the account of Eagle Petroleum(owned by Kamlesh Ramani) in which Rs 2.53 crore sum was deposited.

Son of bank’s ex director has received Rs 1 crore through cash deposits in 30 bank accounts. All the pay in slips are filled by the same person.

Mother of the Vice Chairman of the bank had received Rs 64 lakh of cash deposits which have ultimately been transferred to a jeweler.

Total 4551 accounts were opened during demonestization grace period as against average 5,000 accounts opened in full year.

Large sum of cash deposits in newly opened accounts liked through common address or phone numbers. This includes Rs 1.22 crore deposits in the 16 newly opened bank accounts and linked to each other.

62 accounts were opened in a single branch with a common mobile number.

Huge discrepancies are found in the pay-in slips with none of them having pan, many are without signatures and none with documentary evidence of the large cash sources.

DeshGujarat