Income Tax sleuths swooped on the Delhi headquarters of Delhi State Cooperative Bank in Delhi last week prying into accounts of three customers. Besides, they also snooped around the residence of the bank’s Managing Director Mrs Anita Rawat in town.
The high profile cooperator Bijender Singh who is also the Chairman of Delhi State Cooperative Bank said” the raid pertained to operations of three account-holders who had transactions to the tune of Rs 2 crore, Rs 5.83 crore and Rs19.93 crore in a period of more than one and a half years.”
In the days of online banking it is difficult to track account operations. What we are concerned with is keeping the KYC of customers which was followed in this case, said the Chairman. Also, we kept RBI and other agencies in the loop whenever transactions involving considerable amounts took place, he added.
Indian Cooperative has learnt that these three account holders were suspected of money laundering. Their accounts
in three other banks were also simultaneously probed into the same day. The government had apprehensions that the money might have been diverted into funding terror acts.
Talking to Indian Cooperative MD of the Bank Anita Rawat whose residence was also raided said “they may have imagined some connection between them and me; it is their outlook.” Defending Mrs Rawat Chairman Singh said ” Yes she is right; it is not possible to keep track of every individual account when you have close to 2.5 lakh accounts in the Bank.”
“Our operations are aboveboard and we follow all norms and guidelines prescribed by RBI and other govt agencies; we have nothing to hide, said Bijender Singh. Income Tax sleuths refused to disclose any details of other banks under investigation.
