A day after the Mumbai police seized Rs10.10 crore in old and new currency from three employees of the Vaidyanath Urban Co-operative bank, the case was referred to the income-tax (I-T) department on Friday. The bank has stated that the money belonged to the customers and that it was being transferred from one branch to other.
Following the seizure, the police has asked the officials of the bank to provide the details of the amount seized. The case was then referred to the I-T department for further investigations. The department is likely to check the bank’s documents and is enquiring about the cash deposits made by people.
The bank’s website refers to late senior Bharatiya Janata Party (BJP) leader Gopinath Munde as “its inspiration” and his daughter BJP MP Pritam Munde as one of the directors. “The details of cash transferred from one branch to another is available in our register,” said Vinod Kharche, general manager of the bank, adding that the money belongs to the customers.
On Thursday night at Chedda Nagar junction, traffic policemen intercepted a car, in which the cash was stuffed in gunny bags. The police were suspicious as banks transfer huge cash via guarded vehicles.
The bank said that after the Centre decided to demonetise old notes of Rs500, Rs1,000 on November 8, various customers deposited their money. Further, the money was collected from the deposits in savings, current accounts and other routine bank transactions.
The nationalised banks near Parli Vaijnath refused to accept the old notes, after which the bank had sent Rs25 crore in cash on November 17 to their Ghatkopar branch so that it can be later deposited in banks. They had deposited Rs15 crore in a bank in the city, while the remaining cash of Rs 10 crore, which was intercepted was supposed to be taken to their Pimpri-Chinchwad branch for depositing in another bank, according to officials from the bank.
The Rs10 lakh in new Rs2,000 notes was meant for paying customers in Pune. “Like other banks, this is a part of a a routine transaction,” said Kharche. The entire sum has been insured, the bank officials claimed.