Surat: Two from city deposited Rs 3.5 Cr in 100 Jan Dhan accounts in Patan

SURAT: The Income Tax department has launched a manhunt for two individuals from the diamond city allegedly accused of depositing Rs 3.5 crore worth of cash in old currency in the Jan Dhan accounts in Patan.

Sources said that I-T department received information against one Jignesh Shah and Amit Shah, residing in Surat, who went all the way to Patan to deposit their black money in the scrapped currency. The duo deposited the money in over 100 Jan Dhan accounts in Patan’s Bank of India branch.

As per the reports, deposits in Jan Dhan accounts across the country soared sharply by around Rs 27,200 crore in just 14 days after the announcement of ban on old Rs 500 and Rs 1,000 currency notes. Total deposits in 25.68 crore Jan Dhan accounts crossed Rs 70,000-crore mark and were at Rs 72,834.72 crore on November 23. As of November 9, total deposits in these accounts were Rs 45,636.61 crore.

A team of I-T officials from the city have left for Patan to investigate the entire issue. The team members will be taking the details of the Jan Dhan accounts in which the money was deposited by the duo.

Sources said that the duo may have connections with the diamond industry. The role of the bank officials who facilitated the deposits will also be investigated.