New Delhi: Just few kilometres from the Capital, like any other `paanwala’ he sells ‘paan’ from a kiosk. Just that his kiosk is near the Ghaziabad Development Authority office, so does brisk business. Regulars know him as Ghanshyam and treat him like any other paanwala, but he is more than a simple paanwala. He is crorepati, with few crores in his account.
The Income Tax officials were shocked when found Rs 5 crore in his account. All of this was deposited between after November 8 and till December 31 last year. IT officials had reached his account on a tip off.
During interrogation Ghanshyam revealed that though he sold paan, but money came as rent of his bank accounts. Surprised?. Simply put he rented out his account to others for depositing cash in old notes after the note ban was announced.
A property dealer gave him Rs 8,000 per month for allowing him to deposit cash in account, and in fact the property dealer was operating his account. Further probe revealed that property dealer then acted as a broker and got jewellers from Meerut and Delhi to use Ghanshyam’s account with Jammu & Kashmir Bank.
The IT officials also scanned two other accounts with dubious transactions. The total deposits in these accounts were Rs 12 crore."Our investigations revealed these two savings accounts were bogus and had been opened with the help of fake documents," Times of India reported quoting unnamed I-T official.
"The sum total of cash deposited in old denomination currency notes of Rs 500 and Rs 1,000 into these accounts during the period was around Rs 12 crore. During our inquiry, it was revealed that these two accounts were also being operated by property dealer," the official added.
After the deposits were made, the property dealer used RTGS to transfer money to many saving accounts in Meerut and Delhi. Of this Rs 50 lakh was transferred to account of a woman resident of Model Town in Delhi in last week of December. The woman admitted that she had asked the property dealer to convert her Rs 50 lakh in old notes into new currency, who had agreed to do so for a commission.
The IT officials are investigating the accounts of the jewellers in Meerut and Delhi. (News24Bureau)