NEW DELHI: The CBI today carried out searches at 16 locations in Ahmedabad after registering an FIR against 12 people for allegedly depositing old notes amounting to Rs 100 crore in shell companies’ accounts in Axis Bank post demonetisation.
The case has been registered against 12 people, including the officials of Axis Bank in Ahmedabad, CBI sources said.
Axis Bank officials abused their position by allowing unauthorised transactions of huge amounts in accounts of shell companies in between November and December last year, the sources at the probe agency said.
The bank officials allegedly violated the guidelines related to Know Your Customer (KYC) and anti-money laundering and also did not apply due diligence in allowing deposits to the tune of Rs 100.57 crore, they said. (AGENCIES)
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