Mumbai: The Enforcement Directorate (ED) raided the premises of four bullion traders yesterday and discovered suspicious transactions carried out by them in Mumbai.
Upon investigation, it was discovered that the traders have deposited 69 crore rupees in old notes post demonetisation.
The ED also froze Rupees 1.2 crore rupees in their bank accounts.
Meanwhile, the ED today seized Rs. 30 lakh, out of which 18 lakh were in new notes, attached with 2.5 kg gold.
The currency and gold were seized from the premises of a tailor’s shop in Mohali and Chandigarh in Punjab.
Earlier today, the ED filed a case against unknown persons for forging bank accounts in Noida Sector 51 branch of Axis Bank under the Prevention of Money Laundering Act (PMLA).
The Enforcement Directorate said they will also question bank official.
Sources said, earlier today that a case was filed on basis of one of the fake company director’s: Nandu Paswan’s FIR.
The ED has already arrested two Axis Bank managers. Twenty bank accounts of fake companies had been found and deposits of Rs. 60 crores had been made to them.
The authorities are concerned about the connivance of some bank executives with racketeers to launder cash ever since the announcement of demonetisation.