Kotak Mahindra Bank manager took ?1.5 cr to convert ?35 cr
A Kotak Mahindra Bank branch manager arrested on Wednesday, Ashish Kumar, took ?1.5 crore to convert ?35 crore demonetised currency of Delhi-based lawyer Rohit Tandon, said the Enforcement Directorate. The bank has suspended the services of the manager. Earlier in December, two people were arrested for opening fake accounts in the branch with unaccounted deposits totalling ?34 crore.
The manager of the Kotak Mahindra Bank branch on Kasturba Gandhi Marg was remanded in five-day custody of the Enforcement Directorate today by a Delhi district court in Saket.The agency had arrested the manager in connection with cases on hawala trader Paras Mal Lodha and Delhi-based lawyer Rohit Tandon. The bank branch came under the Income Tax department scanner in connection with two suspicious accounts. Earlier, the I-T officials found several fake accounts with huge deposits in Axis Bank branches.ALSO READ: Delhi: 9 fake Kotak Mahindra Bank accounts with cash worth Rs 34 crore seizedÂ  