Noida: The Income tax department on Thursday conducted a raid at the Axis Bank, Noida branch. The I-T department seized 20 fake accounts in the bank branch with an amount of Rs 60 crore deposited in them.
Earlier, the I-T department had raided the Axis Bank’s Chandni Chowk branch in Delhi, and obtained 44 fake accounts with Rs 100 crore deposited in them.
The bank has suspended 19 officers for their involvement in unlawful activities since demonetization.
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The Enforcement Directorate has caught two Axis Bank officers for their involvement in unlawful actions.
The Bank said it has named KPMG to carry out an in-house audit.
In an earlier statement, the bank said, “The bank is committed to following the highest standards of corporate governance and has zero tolerance towards any deviation on the part of any of its employees from the set model code of conduct. Strict action will be taken against any employee found deviating from the guideline. We would also like to add that we are cooperating with the investigating agencies.”
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