After targeting Vidarbha Sub-Registrar Offices (SROs), the Income Tax Departmentโs Intelligence and Criminal Investigation Wing (ICIW) has reportedly raided three cooperative banks-two in Nagpur and one in Buldhana-reportedly uncovering around Rs 1,500 crore in allegedly underreported transactions over five years, reports The Hitavada.
Officials reportedly found selective omissions in digital Statement of Financial Transactions (SFT) filings, allegedly aiding black money holders. Comparative audits reportedly revealed thousands of crores of property deals that were partially or wholly unreported.
Khamla SRO alone is said to have shown undeclared transactions worth Rs 3,000 crore. Investigators are reportedly examining the role of senior cooperative bank officials and leveraging digital analytics to trace funds, plug reporting gaps, and recommend financial penalties or disciplinary action for officers found facilitating such systematic underreporting.
We request you to kindly search Co-operative Banks of Gujarat especially Sarvodaya Coop Bank, Mehsana Urban, Mehsana Dist… Etc Coop Banks…. You will find much bigger Scam…
Nothing will come out,as usual. As no citizen is at loss the probe will deliberately postponed.
๐ฝ๐๐ง๐๐จ๐๐ฉ๐๐๐๐๐๐ง ๐ ๐ช๐ข๐๐ก๐ ๐๐๐ง๐ฉ๐ฎ ๐๐๐จ๐๐๐ฃ๐ ๐ข๐๐๐๐๐ฃ๐.
All cooperative banks ,co operative societies be subjected to forensic audits for last 25 years of transactions .
Forensic audit report of each and every institution be published in public domain.
Great work done by the agencies now every cooperative Bank will be thoroughly checked for their transactions even the details of outstanding huge loan amounts recoveries status