Officials of the Enforcement Directorate (ED) have raided many public and private banks in Kolkata and other districts of the state over the past two days.
Recently, two Axis Bank employees were arrested in New Delhi for their alleged involvement in hawala trading and money laundering. Sources said the raids were a part of a crackdown on suspicious deposits of demonetised notes.
The raids were conducted on Tuesday and Wednesday at 50 branches of 10 banks cross the country, a number of which are in Kolkata and adjoining districts. “At the Camac Street branch of Canara Bank, huge deposits of old Rs 500 and Rs 1000 had been detected in several phases,” said an ED official.
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Huge deposits in demonetised notes at the Burrabazar branch of a private bank had also raised the ED’s suspicions.
“We have found out that a lady director of a fictitious company had deposited huge amounts of money into the company’s account in Burrabazar branch. Subsequently, she transferred the money to other accounts, after which it had been channelised to various accounts including many Jan Dhan accounts,” the ED official said.
He also said a single deposit of Rs 3 crore in old denominations to the account of the director had raised suspicion.
ED officials also raided the Kolkata residence of businessman Sanjay Jain. “There had been huge deposits in his account in the last few days and we have reasons to believe there is a racket in operation with the help of bank officials,” he added.
An NGO based in Nadia had also come under ED scanner after multiple transactions in a single day. “Given that the NGO mostly earned only small amounts as commission, a total of the 2,000 transactions amounted to a very high sum,” he added.