A man in Delhi was arrested by the Economic Offences Wing (EOW) of Delhi Police for allegedly opening seven bank accounts with forged documents and routing black money amounting Rs 9 crore through them. This came in after the Income Tax Officer alleged about a large sum of cash being deposited in different bank accounts during the period from November 9, 2016, to December 30, 2016.
On inquiry from concerned banks, it emerged that the account holders were carrying out their business activities from the same premises. It was further found that there were too many businesses claiming to be the occupants of the same premises.
“On the basis of the photographs available in the KYC documents, one of the occupants was identified as Gaurav Singhal, who gave his statement u/s 133 A of IT Act,” the EOW said in a statement.
In his statement, accused admitted to having prepared fake IDs—- voter cards and pan cards for opening various bank accounts in which large amounts of cash were deposited during the period of demonetisation.
It was further revealed that election I-card used to open the seven alleged accounts were fake and the majority of withdrawal and transfer had taken place through mobile banking and Internet Banking, which was activated on the mobile number registered in the name of accused.