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I-T detects Rs 871 crore scam in Rajkot bank

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black money
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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old notes of Rs 500 and Rs 1000, was made in this bank between November 9-December 30 last year while Rs 108 crore was withdrawn during the same period in a highly suspicious manner not commensurate with the bank’s activities during the same period in 2015 or at other times.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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Partly cloudy Monday morning in Delhi

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New Delhi, June 25: It was a partly cloudy morning in the national capital on Monday with the minimum temperature recorded at 31.6 degree Celsius, three notches above the season’s average, news agency IANS quoted the weather office as saying.

The air-quality across the National Capital Region (NCR) was moderate on Monday, according to System of Air Quality and Weather Forecasting And Research (SAFAR).

The sky will remain partly cloudy throughout the day, an India Meteorological Department (IMD) official said.

The maximum temperature was likely to hover around 41 degrees Celsius.

The humidity at 8.30 a.m. was 47 per cent.

On Sunday, the maximum temperature was settled at 42.2 degrees, five notches above the season’s average, while the minimum temperature was recorded at 32 degrees Celsius, four notches above the season’s average.

WeForNews

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Heat wave, high humidity continues in UP

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hot day summer HEATWAVE
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Lucknow, June 25: Heat wave conditions and high humidity continued across Uttar Pradesh on Monday, according to the weather office.

The mercury in many parts of Bundelkhand touched up to 46 degrees Celsius in the past 48-hours and the humidity levels very high in many regions, including central Uttar Pradesh or the Avadh region.

In the last 24-hours, Allahabad was the hottest in the state recording a maximum of 44.7 degrees Celsius followed by Sultanpur with 42.6 degrees and Lucknow 42.3 degrees.

The minimum temperature in the state capital was 29.8 degrees celsius, which was three degrees above the normal temperature recorded in this season.

Owing to the extreme heat wave conditions and delayed monsoons, the district administration in Lucknow has already extended the summer vacations by two days.

According to Lucknow District Magistrate (DM) Kaushal Raj Sharma, the decision was taken in the interest of the school children.

The schools will open on July 2 for classes two to nine. But vacations will be extended if the mercury does not come down and rains do not take place.

Adding to the woes are the incessant power cuts in many places in the state.

In the state capital, power outages peaked in the past 10 days.

Power minister Shrikant Sharma, despite assurances that power scenario will improve considerably, has failed miserably to do anything concrete, the opposition has said.

Subhash Kahsyap, a retired Army officer residing in Indiranagar, Lucknow, says he has not seen such a “poor power scenario” in the past 10 years.

IANS

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Army Major killed officer’s wife when she refused o marry him: Cops

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New Delhi, June 25: As the investigation into the Army officer’s wife murder progresses, the Delhi Police said Major Nikhil Handa, who was detained on Sunday in connection with the murder, was apparently obsessed with the woman and wanted to marry her.

“Handa murdered the wife of fellow Army Major when he found out that she was not ready to marry him,” ANI quoted police as saying

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“The accused has been brought to Delhi. He knew the victim since 2015,” Deputy Commissioner of police, West, Vijay Kumar Singh told ANI.

Handa has picked up Shailza at around 11 am in his Honda City from the hospital , during a heated agrument, he allegedly slashed her neck with a knife, threw her out of the car and ran over her,”Vijay Kumar Singh told ANI.

According to media reports Major Nikhil Rai Handa returned to the crime scene where he dumped her body near Delhi Cantt Metro station but turned back on seeing the police personnel. He then allegedly fled to Meerut, Uttar Pradesh, from where he was arrested on Sunday morning.

On Saturday, 35-year-old Shailza Dwivedi was found with her throat slit at Brar Square. Police said that since the area is isolated, nobody spotted her body for a while. Around 1.30 pm, a water tanker driver passing by saw her lying in a pool of blood and made a PCR call.

Handa met the deceased in 2015 in Nagaland when her husband was posted there. They had kept in touch, even when she came to Delhi after her husband was transferred.

“They talked continuously on phone, though he was the one who called her more often. Major Dwivedi once caught them during a video call. He confronted his wife and Nikhil and warned him to not come close to his wife and his house,” Singh said.

The deceased’s body was found with her throat slit in Delhi’s Brar Square area on Saturday.

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