Noida: IT raid of Axis Bank reveals Rs 60 cr worth fake accounts of 20 companies

Amid the demonetisation drive in the country, the Income Tax Department on Thursday raided Axis bank branch in Noida Sector 51 and found accounts of 20 fake companies with over Rs 60 crore deposited in them. As per intial reports, there has been no official statement on this issue by the bank. However, further investigation in the matter is underway.

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