Since demonetisation was announced, financial intelligence agencies have unearthed over 1,650 such bank accounts on hire. Hoarders are paying a monthly rent of up to Rs 15,000 to some bank account holders to stash unaccounted money.
Income tax and intelligence agencies are scanning rogue bank accounts for deposits made since November 8. After examining 600 such accounts, showcause notices have been issued to the holders.
Suspicious Transaction Reports from Karnataka, Uttar Pradesh, Kerala, West Bengal, Delhi, Andhra Pradesh, Bihar and Gujarat were received and analysed by agencies on Thursday. These showed that 462 accounts from Bihar, 308 from West Bengal and 98 in Punjab have witnessed a sudden spurt of financial activity since Prime Minister Narendra Modi announced the demonetisation drive.
Probing agencies have also discovered some account holders have been lending out their inoperative bank accounts at a monthly rent of Rs 10,000-Rs 15,000. One individual was found to have hired 115 rented bank accounts. Agencies are trying to establish whether it is an organised syndicate or bank employee connivance, which is behind the account scam. Officials are also looking into the role of bank staff in providing non-operational accounts to park black money. “We found bank officials were asking black money hoarders for 20-25 per cent commission to deposit unaccountable cash,”an official said.
Source : Indian Express dt.27.11.2016