the naxal connect?
600 accounts show total deposit of over Rs 10.8 crore after demonetisation
Money deposits on an average in between Rs 1 to Rs 3 lakh
One Jan Dhan account in Ara witnessed a deposit of Rs 40 lakh
If naxal connection established then the accounts will be frozen
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600 Jan Dhan accounts under IT lens in Bihar, Jharkhand
PTI
Patna
Income Tax officials are probing 600 Jan Dhan accounts in Bihar and Jharkhand for their suspected naxal connection after they showed a total deposit of over Rs 10.8 crore following demonetisation.
A total of 600 Jan Dhan accounts which have money deposits on an average in between Rs 1 to Rs 3 lakh are being probed in Bihar and Jharkhand for naxal connection, Principal Director Income Tax (Investigation) Ashok Kumar Sinha told reporters.
He said the 600 accounts now have over Rs 10.8 crore deposits in the two states.
Though he did not provide break-up of the accounts, he said majority of them are in Jharkhand.
Principal Chief Commissioner Income Tax (Bihar & Jharkhand) ST Ahmad said one such Jan Dhan account in Ara witnessed a deposit of Rs 40 lakh after demonetisation which has been freezed.
Ahmad, accompanied by other senior officials were interacting with media persons on launch of Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojna, 2016 in the two states.
Commissioner of Income Tax (Appeal) Prashant Bhusan said that if naxal connection is established during probe of these 600 Jan Dhan accounts, the accounts would be frozen.
Subrat Sarkar, Commissioner IT (Exemption), said that the department has served notices to 150 society and trusts in Bihar and Jharkhand including some political parties, educational, religious and social trusts enjoying tax exemption under IT Act to probe if cash has flowed there after recall of Rs 1000 and Rs 500 notes.
“We have asked for details from them about cash deposits from November 8 till December 30 when the demonetisation drive would end,” Sarkar said.
Sarkar, however refused to disclose names of political parties or other organisations under the lens.
Giving details of action after demolition, the IT officials said a total of 16 searches have been conducted in the two states so far. In addition, 41 surveys have been conducted and over Rs 9.17 crore seized.
Total Rs 42.4 crore undisclosed income has been unearthed so far in the two states, Sinha said, adding jewellery worth Rs 7 lakh is among total seizure.
Ahmad said that the I-T department has referred 14 cases of money laundering in the two states, each to Enforcement Directorate and CBI.
He said that against a target of collecting Rs 10,854 crore by way of tax in Bihar and Jharkhand in the current financial year, a sum of Rs 6,609 crore has already been collected which is 15 per cent above the collection in the corresponding period last fiscal.
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Fake notes seized in Nashik; 11 held
PTI
Nashik
In a major haul, police have seized fake currency notes with face value of Rs 1.35 crore in scrapped denominations of Rs 500 and Rs 1,000 here and arrested eleven persons, including a local NCP worker, a senior police officer said Friday.
The incident occurred Thursday evening when a police team laid a trap and intercepted four cars in Adgaon area, city Police Commissioner Ravindra Singhal told reporters at a press conference.
“Police found fake currencies in old denominations of Rs 1,000 and Rs 500, totalling Rs 1.35 crore, in the cars and arrested eleven men,” he said.
The scrapped notes were being brought to Nashik from Dhule.
Singhal said police are trying to trace the recipients who were supposed to take the delivery of the consignment.
“We are also probing the motive behind printing fake currency notes at a time when Rs 500 and Rs 1,000 notes have already been banned on November 8,” the police commissioner said.
Among the arrested persons is one Chhabu Nagare, a former president of NCP's city unit Youth wing, and Ramrao Patil, a contractor who supplies garbage collecting vehicles for Nashik Municipal Corporation (NMC).
According to sources, Nagare is considered close to a NCP heavyweight from the region.
Rest of the accused hailed from Pune, Mumbai, Navi Mumbai and Thane.
They are identified as Sandeep Saste (45), a resident of Pune, Ramesh Pangarkar (63), Ishwar Parmar (50), Nilesh Layse, and Praveen Mandhare (all from Mumbai), Rakesh Karkur (29), a resident of Thane, Gautam Jadhav, who hails from Navi Mumbai, Santosh Gaikwad (43) and Prabhakar Ghate (44), both from Nashik.
All the accused were produced in a local court, which remanded them in police custody until December 29, Singhal added.
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Case against officials of bank controlled by BJP MP
PTI
Mumbai
The CBI Friday registered a case against two officials of a bank controlled by BJP MP Pritam Munde and some others, following recovery of Rs 10 crore in demonetised notes in the city last week.
The agency also carried out searches at 11 places at Beed, Aurangabad, Pune and Mumbai. Nobody has been arrested though.
On December 15, police had recovered Rs 10.10 crore, including Rs 10 lakh in the new Rs 2,000 notes, from a car. It turned out that the cash was part of Rs 25 crore in demonetised notes that the officials of Vaidyanath Urban Cooperative Bank were transporting, a CBI official said.
Munde, daughter of late BJP leader Gopinath Munde, is director of Vaidyanath Urban Cooperative Bank which has its head office in Beed district.
The case was also registered against a doctor and some others in connection with transportation of the cash.
It was registered under IPC sections 120 B (criminal conspiracy), 420 (cheating), 406 (criminal breach of trust) and also under the Prevention of Corruption Act, 1988.
The accused entered into a conspiracy and “fraudulently transported” around Rs 25 crore in demonetised currency from the bank's head office in Beed to its Ghatkopar branch here on November 19 for changing it into legal tender, CBI said.
Around Rs 15 crore was allegedly deposited with Maharashtra State Urban Co-operative Bank and Rs 10.10 crore (Rs 10 lakh in Rs 2,000 denomination and Rs 10 crore in old Rs 500 notes) was being transported back to Beed in a car when it was intercepted by Mumbai police.
Three persons have been detained in the case by the police.
The probe revealed that the cash belonged to Vaidyanath Bank, and the detained persons were its employees, including a branch manager.
