New Delhi, Dec 20: After government’s email id – [email protected] – to inform about the black money tipoffs went public on Friday, the account was flooded with 4,000 messages.
A finance ministry official said that “We are getting a good response.”
Other than this, the Finance Ministry units are flooded with information regarding unaccounted money and deposits in bank accounts. The tax authorities and other investigation agencies on a daily basis are conducts the raid.
“The system is capturing a lot of data,” the official said, adding that “We are able to get daily reports on deposits made and that is the reason agencies have been able to carry out focused action.”
The information which the government received is regarding deposits in Jan Dhan and urban cooperative bank accounts loan repayments, credit card payments, electronic transfers, withdrawals, among others. The information received via emails will lend a helping hand to the government in the ongoing fight to root out black money. As the raids are being conducted by the concerned authorities, many banks officials have been detained and suspended for indulging in illegal activities; cheating the government.
The information which the investigating agencies have got also concerns the high-value purchases including jewellery, luxury goods. Given the amount of data the government has, the belief that all money deposited in banks has been converted into legitimate wealth may be misplaced as banks have been taking note of unusual deposits and alerting authorities.