Income Tax officials have unearthed nearly Rs 10 crore of unaccounted money from lockers of a Bank of Maharashtra branch in Pune.
I-T officials have till now opened five lockers at the Parvati branch of bank of Maharashtra in Pune.
Authorities are probing the involvement of bank officials in the illegal stashing of black money.
The owners of the lockers are being tracked.
The I-T department has sought cooperation from the bank authorities to obtain all the transactions of the said firm in the branch even as counting of the cash is being carried out at present.
Authorities have seized crores of rupees in raids across the country after Prime Minister Narendra Modi announced the demonetisation decision on November 8.
As a part of new strategy to track black money in circulation, the government has expanded the scope of income tax investigations beyond tax evasion by roping in the police, the CBI and the Enforcement Directorate (ED) to look for possible criminality and money laundering.
Post-demonetisation, the focus is on greater collaboration between the tax department and other investigating agencies to ensure that those caught with big amounts of unaccounted income are simultaneously probed for corruption and criminal activities including money laundering.
