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I-T detects Rs 871 crore scam in Rajkot bank

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NEW DELHI, 9 Jan: The income tax (I-T) department has found huge alleged discrepancies in the transactions of a Rajkot based cooperative bank.

Reportedly Rs 871 crore deposits were made, over 4,500 new accounts opened and over five dozen accounts were found of having same mobile number initiated, making it one of the biggest cases of black fund generation post-November 8.

The department’s Ahmedabad probe wing has now launched an inquiry under tax laws and has sought complete details from the bank after it conducted survey operations against it sometime back and found large irregularities.

Accoridng to the officials, the department’s investigation till now has found that cash deposits of Rs 871 crore, widely through old notes of Rs 500 and Rs 1000, was made in this bank between November 9-December 30 last year while Rs 108 crore was withdrawn during the same period in a highly suspicious manner not commensurate with the bank’s activities during the same period in 2015 or at other times.

The sleuths have identified at least 25 high value cash deposits post demonetization where Rs 30 crore monies have been transacted in an alleged suspicious and unsatisfactory manner and in accounts with purported weak KYC norms in place. An I-T analysis report prepared in this regard states that Rs 10 crore funds were deposited in a number of “dormant” accounts post the currency scrap, including in that of a petroleum firm where Rs 2.53 crore was deposited.

What has startled the taxman has been the fact that a total of “4,551 new accounts were opened in the bank post demonetization as against the average 5,000 of such accounts usually opened in the full year while 62 of these were opened using one mobile number.” It was detected, they said, that there were blatant discrepancies in the pay-in slips filled to make the deposits as none of them had PAN numbers quoted, many had no signatures of the depositor even as none had any documents to reflect the source of these amounts.

“It was found that the son of bank’s ex-director has received Rs 1 crore through cash deposits in 30 bank accounts. All the pay-in slips were filled by the same person. “Also, the mother of the vice-chairman of the bank has received 64 lakh of cash deposits which have ultimately been transferred to a jeweller,” the report alleged and added the funds moved through RTGS and other banking transfer channels.

Wefornews Bureau

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Bengal Panchayat polls: Sporadic violations as fresh nominations filed

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Kolkata, April 23 (IANS) Fresh nominations for the West Bengal Panchayat polls were filed on Monday amid tight security even as sporadic incidents clashes between the state’s ruling Trinamool Congress and opposition party activists took place in some districts.

Most cases of violence took place in the districts of Bankura and Murshidabad where BJP and Left activists accused the Trinamool Congress supporters of forcefully stopping their prospective candidates from filing nominations.

In Murshidabad, a CPI-M party office was vandalised by miscreants while a CPI-M candidate was allegedly beaten up and sustained a serious head injury.

The car of Congress leader Abu Hasem Khan Chowdhury was also alleged attacked with bricks and crude bombs outside the party office in Murshidabad district’s Shamshergunj.

“As many as eight bombs were hurled at my vehicle outside the party office. The car has been damaged and two of my associates got injured in the incident,” Chowdhury said.

Stray incidents of violence were also reported from South 24 Pargana district’s Diamond Harbour, Budge Budge and Nodakhali where the CPI-M accused Trinamool Congress backed goons of stopping their candidates from going near the BDO offices to file nominations.

Acting on a Calcutta High Court order, the West Bengal State Election Commission on Saturday fixed April 23 as the extended deadline for filing of nomination papers for the coming Panchayat polls in the state and asked the state police to ensure security during the nomination process.

It also fixed April 25 for scrutiny of fresh nominations and April 28 as the last date for withdrawal of candidatures.

The opposition BJP, CPI-M, Congress and PDS had moved the court, accusing Trinamool of unleashing massive pre-poll violence against their party workers to prevent them from filing nominations ever since the poll process began on April 2.

Justice Subrata Talukdar on Friday quashed the SEC’s April 10 order that had cancelled the extension of date for filing of nominations, which the poll panel announced on April 9 night, directing it to issue a fresh extended deadline for filing of nominations in consultation with the state government and other stakeholders.

IANS

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Heavy smoke disrupts services on Delhi Metro’s Red Line

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Delhi Metro's Red Line (Dilshad Garden-Rithala) were suspended for more than one hour on Monday after heavy smoke from a nearby blaze.

New Delhi, April 23: Services on the Delhi Metro’s Red Line (Dilshad Garden-Rithala) were suspended for more than one hour on Monday after heavy smoke from a nearby blaze made it difficult for the trains to run, the DMRC said.

“At 1.15 p.m., heavy smoke was reported to have originated from the nearby slums beneath the viaduct between Mansarovar Park and Shahdara Metro stations. As a precautionary measure, train services were suspended between three stations between Dilshad Garden and Mansarovar Park Metro stations during this period,” said the Delhi Metro Rail Corporation (DMRC) in a statement.

“Rest of the line remained unaffected. At 2.33 p.m., normal services were resumed after due clearances,” it added.

The smoke was due to a major fire incident which occurred at a building in nearby Shashi Garden of Gandhi Nagar. Two men were killed in the massive blaze that had broken out at around 11 p.m. on Sunday in the three-storey establishment housing a jeans factory.

“Although our metro train system is fire-proof, we could not take chances and run the trains through smoke, which could have hampered the visibility as well. We suspended the operations the moment it occurred to us that it could pose some threat,” a metro official told IANS.

IANS

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7 injured after Delhi Metro guarder falls in Ghaziabad’s Mohan Nagar

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At least 7 injured after a guarder of Delhi Metro fell down in Ghaziabad's Mohan Nagar.

New Delhi, April 23: At least seven people were injured on Monday after a guarder, which was being used by the Delhi Metro for the construction of a foot-over bridge, collapsed in Ghaziabad’s Mohan Nagar.

According to a statement issued by the Delhi Metro Rail Corporation (DMRC): The accident took place at an under-constructed foot-over-bridge at the Mohan Nagar metro station on the Dilshad Garden-New Bus Adda corridor.

The girder that fell was erected to build the foot-over-bridge in Mohan Nagar.

Ghaziabad: Five injured after a girder of Delhi Metro falls down in Mohan Nagar

The DMRC in its statement also said that they are verifying the details of the incident.

Meanwhile, The Chief Project Manager and General Manager/Safety of DMRC have reached the site to take stock of the situation.

The bridge was being built for the upcoming Dilshad Garden-New Bus Adda section of the network.

The 9.41-km metro extension is proposed to have eight stations in Ghaziabad – Shaheed Nagar, Raj Bagh, Rajendra Nagar, Shyam Park, Mohan Nagar, Arthala, river Hindon and the New Bus stand.

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