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I-T raids Axis Banks Noida branch, seizes Rs 60 crore from 20 fake accounts

In a fresh raid conducted at the Axis Bank's Noida branch, the income tax department said it has unearthed deposits worth Rs 60 crore from twenty fake accounts. These deposits were found in the accounts belonging to low-income workers and labourers. Today's fresh raid comes after the I-T department had conducted a raid at the bank's Chandni Chowk branch in New Delhi last week where they uncovered Rs 100 crore deposited in 44 fake accounts.

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