Bengaluru, Dec 21: Enforcement Directorate (ED) has issued notice to the Karnataka Co-operative Apex Bank Ltd to furnish details about certain accounts in district credit cooperative (DCC) banks in the state.
“ED has taken up detailed verification of instances of cash deposits made into the accounts in various DCC banks across the country. In this connection, you are hereby requested to furnish the certified copies of statements of accounts of various DCC banks across the state wherein cash deposits exceeding Rs 25 lakh have been reported. The list of names of the banks and the particulars of depositors are provided in the list,” states the notice, a copy of which is with the DH.
Sources said that the ED has sought for statements of select account holders in six districts: Bagalkot, Mandya, Belagavi, Shivamogga, Kolar and Dakshina Kannada. The ED has also mentioned the account numbers and cash deposited into such accounts since October 2016, and sudden rise in the deposits after demonetisation on November 8.
“The ED officials seem to have conducted preliminary enquiry into the huge cash deposits before issuing the notice. The notice has all the details such as name of the account holder, account number and the amount deposited during the check period. We have written to these banks, which include certain Sauhardha banks and societies. Based on the list provided by the ED, two to three branches of DCC banks in each district have been asked to furnish details. The details will be forwarded to the ED within two days,'' Apex Bank President and MLA?K N Rajanna said.
Earlier, the Income Tax department had issued notices to cooperative banks in the state to adhere to the notification on cash deposits in view of demonetisation. Even before the demonetisation, the Directorate of Income Tax (Intelligence and Criminal Investigation wing) had found thousands of unreported entries of huge cash deposits in cooperative banks.
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